Noam Paransky
About Noam Paransky
Independent director of ThredUp (TDUP), age 47, serving since June 2024 and currently a Class III director with Audit Committee membership. Background spans digital transformation and omnichannel leadership in fashion retail; BA in Economics from Emory University . Joined the board on June 23, 2024; appointed to the Audit Committee concurrent with appointment .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Tapestry, Inc. | Chief Omni & Innovation Officer | Aug 2022 – Sep 2024 | Led company-wide innovation agenda and omni-channel experience |
| Tapestry, Inc. | Chief Digital Officer | Apr 2019 – Jul 2022 | Tripled digital sales; led digital selling and engagement channels |
| Gap, Inc. | SVP of Digital | Prior to Tapestry | Led digital sales and engagement channels; >$1B digital sales growth |
| Various retail/fashion brands | Retail, digital, marketing expert | ~20 years prior | Advisory/operational expertise across brands |
| Tapestry, Inc. (status at appointment) | Chief Omni & Innovation Officer | As of Jun 25, 2024 | Noted as current at time of 8-K press release |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed | — | — | No other public company directorships disclosed in TDUP proxy/8-K filings |
Board Governance
- Independence: Board determined Paransky is independent under SEC, Nasdaq, and LTSE standards .
- Committee assignments: Audit Committee member (not chair); Audit Committee Chair is Jack Lazar .
- Attendance: Board held four meetings in 2024; Paransky joined June 2024 and attended the two Board meetings and two Audit Committee meetings that occurred after joining . Audit Committee met four times in 2024 .
- Board leadership: Independent Chair is Patricia Nakache; CEO/Chair roles separated .
Fixed Compensation
| Year | Cash Fees ($) | Notes |
|---|---|---|
| 2024 | 25,000 | Aggregate fees earned; Paransky elected to receive Q4 cash retainer in fully vested RSUs; others generally elected RSUs earlier in year |
Director compensation policy (annual retainers):
| Role | Annual Cash Retainer ($) |
|---|---|
| Board member | 40,000 |
| Board Chair (additional) | 20,000 |
| Audit Committee member | 10,000; Chair 20,000 |
| Compensation Committee member | 10,000; Chair 15,000 |
| Nominating & ESG Committee member | 10,000; Chair 15,000 |
Performance Compensation
| Grant | Grant Date | Type | # Shares/Units | Grant-Date Fair Value ($) | Vesting | Change-of-Control Terms |
|---|---|---|---|---|---|---|
| Initial director equity | Jun 23, 2024 | RSUs (Class A) | 149,432 | 242,080 (aggregate 2024 stock awards) | Three equal annual installments on each anniversary of Jun 23, 2024, subject to continued service | 100% vesting upon change in control (policy and initial grant footnote) |
| Annual director equity (policy) | Annual meeting date | RSUs | Value: 150,000 | — | Vests fully by next annual meeting or 1-year anniversary, subject to service | Full acceleration upon sale of the Company |
Performance metrics tied to director equity: None disclosed; awards are time-based vesting (not performance PSUs) .
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock/Conflict |
|---|---|---|
| None disclosed | — | No Item 404 related-party transactions or arrangements; no family relationships; no selection arrangements; appointed effective Jun 23, 2024 |
Expertise & Qualifications
- Digital transformation and omnichannel leadership in fashion retail; scaled digital sales at Tapestry (tripled) and led >$1B digital growth at Gap .
- Education: BA in Economics, Emory University .
- Governance/financial literacy: Serves on Audit Committee (Board determined all Audit members meet financial literacy; Lazar is financial expert) .
Equity Ownership
| As of | Class A Shares | Class B Shares | RSUs Outstanding | Options (Exercisable/Unexercisable) | Pledged/Hedged |
|---|---|---|---|---|---|
| Mar 19, 2025 | 497,908 | — | 149,432 (as of Dec 31, 2024) | None disclosed for Paransky | Company policy prohibits pledging/hedging for directors |
Ownership alignment observations:
- Material personal holding of Class A shares (497,908) .
- Elected RSUs in lieu of Q4 cash retainer in 2024, signaling equity alignment .
Governance Assessment
- Strengths: Independent director; Audit Committee member; attended all post-appointment Board and Audit meetings in 2024; no related-party transactions or familial/selection arrangements disclosed . Equity alignment via substantial Class A holdings and RSU election .
- Potential risks/flags: Director equity accelerates on change-in-control, which is common but not performance-based; however, no use of options (higher risk) and no pledging permitted under policy . No attendance concerns reported; independent chair enhances oversight .
- Shareholder sentiment context: 2025 annual meeting elected Class I directors with strong support and ratified Deloitte; Paransky (Class III) not up for election in 2025, but voting indicates stable governance environment .
Related-Party/Conflicts: None disclosed for Paransky under Item 404; no family relationships; Audit Committee reviews and approves related-party transactions per charter .
Engagement: Audit Committee met four times in 2024; Paransky participated in two Audit meetings post-appointment and two Board meetings, consistent with active engagement .