On November 8, StockX, the rapidly growing online marketplace based in Detroit, announced a leadership transition. Current CEO Scott Cutler will step down from his role on December 31, 2024, with co-founder Greg Schwartz set to take over as CEO starting January 1, 2025. Cutler will continue contributing to StockX as an advisor and will work closely with Schwartz to ensure a smooth transition through the end of the year.
StockX, founded in 2016, connects buyers and sellers across diverse categories such as sneakers, apparel, accessories, electronics, and trading cards, experiencing rapid growth within just a few years since its inception.
Greg Schwartz, who co-founded StockX alongside Dan Gilbert, Josh Luber, and Chris Kaufman, has served as COO since the company’s founding, overseeing product, technology, global operations, and marketing. Under his leadership, the company has achieved significant milestones in product innovation, customer relationship strengthening, and the implementation of StockX’s vision.
Upon his appointment as CEO, Schwartz commented: “As a co-founder of the company, I have had the opportunity to work with an incredible team across different functions and have worn a number of hats in addition to my role as COO but there is no role that I feel more honored to assume than that of StockX’s CEO.”
“From the moment we launched the business in Detroit in 2016, we knew we were building something special and to see how far we’ve come has been one of the achievements of which I’m most proud. I am grateful to have been able to attract a talent like Scott and to have had the benefit of his leadership. As we look to the next phase of the StockX journey, I intend to double down on our brand growth and product innovation to deliver best-in-class customer experiences that will help us to continue to scale globally.”
Since taking on the role of CEO in 2019, Scott Cutler has led StockX through a period of rapid expansion and new market entry, demonstrating strong leadership even amidst the challenges posed by the pandemic. He aimed to establish a foundation that would ultimately return the company’s leadership to its founders and has developed a strong leadership team to guide StockX into its next growth phase. With the transition now fully prepared, he is ready to hand over the reins to Schwartz.
There is no more qualified individual to step into the office than Greg — from day one, he served as a partner to me in scaling the business, advancing its operations, and strengthening its brand position,” said Cutler. “As an early investor and advisor, taking on the role of CEO was a truly full circle moment for me and I couldn’t be prouder of all that we accomplished over the last five years. I have every confidence that Greg will build on the work that we started and take StockX to the next level.”
Additionally, Stacy Brown-Philpot, StockX board member and Chair of the Nominating, Governance & Impact Committee, stated, “On behalf of the board, I want to thank Scott for his valuable contributions to StockX over the past five years. During his tenure, we made significant strides in solidifying operational excellence and cementing the company’s leadership position in an increasingly competitive space. He efficiently scaled the business with an eye toward putting it in a strong position for his successor. Without question, Greg is ready to take the reins as our CEO — he will work tirelessly to strengthen our foundation and move StockX into its next chapter with the fervor that only a founder brings to the table.”
StockX has created a fair trading environment using real-time data for dynamic pricing based on market value. Under Schwartz’s leadership, StockX is expected to continue expanding in key markets such as Europe, Latin America, and Asia, further solidifying its position as a “global brand from Detroit.”