Moda Operandi names Jim Gold CEO
Luxury fashion e-retailer Moda Operandi named Jim Gold as its chief executive officer on Tuesday, according to multiple reports.
Gold was first named interim CEO in January taking over for Ganesh Srivats, who held the role of CEO at the company from August of 2018 to December of 2020.
As part of the appointment, Gold will equally join founder and chief brand officer Lauren Santo Domingo on the company’s board.
Gold is a former Neiman Marcus executive who first joined the company in 1991. At the retailer, he held a number of roles including vice president, divisional merchandise manager, fine apparel; and senior vice president, general merchandise manager. He left the company in 2019 after serving as president of Bergdorf Goodman and transitioning to president and chief merchandising officer of Neiman Marcus Group, in 2010.
The appointment comes just as the company welcomes a new round of investment. The money comes from both new investors, including G Squared, and existing investors New Enterprise Associates and Andrés Santo Domingo.
The company said the funds would be used to solidify its positioning.
The funding follows the $100 million in new equity and debt financing it received in February of 2020, led by existing investors New Enterprise Associates, Inc. (NEA) and the Apax Digital Fund.
Moda Operandi was co-founded in 2010 by Lauren Santo Domingo and Aslaug Magnusdottir.
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