StockX Welcomes Former TaskRabbit CEO Stacy Brown-Philpot As Their First Female Board Member

Stacy Brown-Philpot has just become the first female board member of StockX—an online marketplace for collectible items and sneakers. 

The former TaskRabbit CEO revealed that hometown pride played a major part in getting her to join the board, considering that she’s a Detroit-native who is hailed as one of the most successful businesswomen of the region:

“I’m energized to partner with that team as a member of StockX’s Board of Directors. The company is close to home for me, both in its Detroit roots and technology-driven focus.”

Brown-Philpot hasn’t left everything just to become a StockX board member, though.

She will continue to work on the boards of weight loss app Noom, Nordstrom, and HP Inc.

In addition, she is a founding member of SB Opportunity Fund; this is an investment firm that makes investments into American companies led by entrepreneurs and founders of color.

Scott Cutler, the StockX CEO, believes that as the company grows, it needs more voices to guide it.

This will help to ensure that the company has the right knowledge, expertise, and perspective.

He is impressed by Brown-Philpot’s experience in consumer markets, along with her passion for generating inclusive and diverse opportunities.

Cutler is convinced that she will give the StockX board a fresh way of thinking.

““Stacy’s proven leadership and experience in both technology and consumer marketplaces will bring a new voice and powerful perspective to our board of directors,” said Scott Cutler, CEO at StockX.

“Her experience in these areas as well as her passion for creating diverse and inclusive opportunities will help drive both our business and – more importantly – our values forward.

We are proud to welcome her to the StockX team.”

The news of Brown-Philpot’s appointment is timely, since it coincides with SEC’s approval of Nasdaq’s board diversity proposal.

This means that any company listed on Nasdaq must meet minimum requirements of racial and gender diversity on their boards.

This implies that StockX is preparing to go public next year. A public offering could even happen before the end of this year.

Goodbye TaskRabbit, Hello StockX

When Brown-Philpot stepped down as the TaskRabbit CEO last June shocked the tech world because she is one of Silicon Valley’s most well-known and respected female Black leaders.

Ms. Brown-Philpot is not only tech-focused, but deeply involved in ethics and inclusivity.

So joining StockX’s was a no-brainer, considering that they share the same values of creating inclusive opportunities both in and outside the workplace. 

And it’s not all talk.

She was recently tapped to serve as an adviser on a $100 million fund that SoftBank is creating to support companies led by people of color and is a board member for Black Girls CODE.

On the tech side of things, she was ahead of her time. While at TaskRabbit, she helped the company to expand at an unprecedented rate.

This led to its 2017 acquisition by Ikea in which she also kept the company stable during the pandemic’s early months.

Brown-Philpot believes that the rapid success of StockX means that it is no longer crucial to be based in Silicon Valley to form a successful tech company.

However, she doesn’t want Detroit to be another Silicon Valley.

Brown-Philpot has had an inspiring career, and hopefully, she will help to take StockX to even greater heights.

The company’s excitement for their newest board member is one that is mutually shared by Philpot: 

“It is no coincidence that in only five years, StockX has established itself as a leading global marketplace of its kind.

The company’s incredible growth is a testament to its disruptive model, exemplary leadership, and the team that serves as its foundation.

I am honored to be part of the exciting journey ahead.”