Summary by Moomoo AI
GigaCloud Technology announced the appointment of Marshall Bernes as an executive director to its Board of Directors, effective November 11, 2024, following the voluntary resignation of Frank Hurst Lin on November 6. The Board's total membership remains at five directors. Lin, a general partner at DCM, cited his desire to focus on pre-IPO portfolio companies as the reason for his departure.Bernes, 80, currently serves as the Head of GigaCloud's BaaS Program since January 2024. He brings over 30 years of experience in the home furnishings market, having founded and served as CEO of Noble House Home Furnishings LLC since 1988. His appointment leverages his extensive industry expertise to support the company's growth initiatives.The transition occurred without any disagreements on company operations or policies. Bernes will not receive compensation for his director role. The company's CEO Larry Wu expressed gratitude for Lin's invaluable contributions during the company's founding years and welcomed Bernes's industry knowledge to help grow the GigaCloud B2B Marketplace.
