Illustrated by Anneliese Caposela/Axios
Tobin Moore steps down as CEO of Optoro. Optoro is a maker of retail returns software that has raised more than $250 million from venture capital, he learned from Axios.
News promotion: Moore, who co-founded the Washington, DC-based company 15 years ago, was recently replaced by Amena Ali, a veteran SaaS executive who led identity management platform Airside.
- Moore will remain with the company as principal responsible for strategic initiatives and as a member of its board of directors.
- Optoro co-founder Adam Vitarello transitions from president to chief strategy officer and retains a seat on the board of directors.
Important reasons: Optoro’s software powers the revenues of leading brands such as Best Buy, Staples, American Eagle, and Ikea (which is also an investor in the company).
- Earlier this year, Amazon added Libby Johnson-McKee, head of global returns and recommerce at Amazon, to its board.
What they say: Moore and Ali told Axios that conversations began in early fall and the company has no plans to raise new funding in early 2023.