After raising hundreds of millions of dollars to unleash growth, dog-walking startup Wag has struggled to keep up with the competition. Now, the company is shuffling CEOs.
New York
Wag announced Tuesday that CEO Hilary Schneider is exiting in pursuit of"a new opportunity" less than two years after taking the top job. A separate press release, put out moments later, revealed that Schneider has been named the new CEO and president of online retailer Shutterfly. Shutterfly was recently taken private in a buyout by Apollo Global Management.Under Schneider's leadership, the startup's once compelling growth declined.
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