Josh Luber is leaving StockX, the resell platform he helped co-found five years ago. The former CEO posted a thank you message on Instagram moments before Business of Fashion confirmed the news.

Luber stepped down from his role as CEO of StockX just under a year ago, after which the marketplace appointed former eBay senior VP of the Americas and president of StubHub, Scott Cutler, as its new CEO. It was also around this time that StockX was valued at $1 billion.

Speaking to BoF, Luber confirmed that the decision was mutual, saying “It was always my intention from the day I started StockX that I would start another start-up—and then probably after that, another one and another one.”

In an exclusive interview with Highsnobiety last year, Luber outlined StockX’s plans to change the resell game and take it to the next level. Luber identified strategies such as the marketplace’s Initial Product Offerings (IPO), which have proved highly successful over the past year, as important building blocks for the company.

Luber founded StockX in 2015 in partnership with Dan Gilbert, Chris Kaufman, and Greg Schwartz. While StockX was initially a platform to buy and sell deadstock sneakers, its product offering has grown to include apparel, watches, handbags, and accessories.

StockX released an official statement which reads: “StockX was founded more than four years ago by a group of visionaries with a commitment to disrupting e-commerce and addressing the changing needs of the consumer. Today, StockX announced that Josh Luber, the company’s co-founder, is leaving to pursue interests outside of the company. Since stepping away from the role in June 2019 -- when eBay and StubHub alum Scott Cutler took up the mantle as CEO -- Josh has been focused on innovation within the business. It is through that process, that he found a renewed interest in returning to his entrepreneurial roots. Over the past year, Luber and Cutler, who was an early investor in and advisor to StockX, have worked together to ensure a seamless transition. While Josh will be missed, his vision for what StockX could be will remain an inspiration for the more than 800 team members working to drive the business forward every day.”

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