Rati Sahi Levesque Steps Up as CEO of The RealReal


Rati Sahi Levesque was The RealReal Inc.’s first employee — and now she has the top job. 

The luxury resale pioneer said Levesque, who has been the company’s president and chief operating officer, will become chief executive officer. She also retains the title of president and will join the company’s board.

She takes over from former CEO John Koryl, who joined the company in February 2023, but has now left the corner office and is no longer on the board. 

The RealReal offered few details about the switch, but posted preliminary third-quarter results that beat the company’s own plans and prompted it to raise its guidance for the year. 

A filing with the Securities and Exchange Commission said the company has reached a separation agreement with Koryl, which saw him terminated without cause. He’s leaving with a payment equal to one year’s worth of his base salary, which totaled $619,231 in 2023. 

Karen Katz, the former Neiman Marcus CEO who is chairperson of The RealReal’s board said, “We wish John well as he begins his next chapter and takes time to focus on his family.”

Koryl took over the CEO job from Julie Wainwright, who left the business in June 2022. But now, all eyes are on Levesque, who’s been with the company for 13 years and held leadership roles in sales, merchandising, product and technology, operations and marketing. 

“Rati has been pivotal in formulating and executing the recent strategic shifts that have propelled the company on its path to profitability,” Katz said. “Rati’s commitment to the brand, along with her comprehensive understanding of the company, its market opportunity and the luxury resale landscape, make her the right leader to take The RealReal into our next stage of profitable growth. She has worked in every aspect of the business and brings a proven track record of operational excellence.”

The RealReal has been showing some signs of forward motion lately. 

Revenues for the third quarter are set to come in at $147.8 million, ahead of the $135 million to $142 million forecast. And adjusted earnings before interest, taxes, depreciation and amortization hit $2.3 million, where the firm previously forecast results would range from a loss of $2 million to earning of $1 million. 

Levesque said the “strong” third-quarter gave her “confidence in the momentum of our business.”

“The luxury resale market is vibrant and growing, and there is a significant opportunity to leverage our powerful brand and our valued community of consignors and buyers to enhance the client experience and accelerate profitable growth,” she said. “I am a passionate believer in our vision to fuel a more sustainable and circular fashion industry by providing outstanding luxury goods to our customers.”



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