Allbirds appoints former Fortune 100 exec Lily Yan Hughes to board

SAN FRANCISCO - Sustainable footwear brand Allbirds, Inc. (NASDAQ:BIRD) has appointed Lily Yan Hughes to its Board of Directors as an independent director, effective Friday, according to a company press release. The appointment comes as Allbirds stock has shown a significant 9.88% return over the last week, though InvestingPro data indicates the company is currently trading slightly below its Fair Value with a market cap of just $68.35 million.

Hughes, who currently serves as Assistant Dean at Syracuse University College of Law, brings experience from previous roles as Senior Vice President, Chief Legal Officer and Corporate Secretary at Arrow Electronics, Inc. and Public Storage.

"She brings a broad range of expertise to Allbirds spanning technology, distribution, real estate, capital markets and governance," said Joe Vernachio, CEO of Allbirds.

Prior to her executive positions, Hughes worked as Vice President, Associate General Counsel-Corporate M&A and Finance for Ingram Micro, Inc. and as a Corporate and Securities Partner with Manatt, Phelps & Philips.

Hughes currently chairs the Board of DirectWomen, which she joined in 2021. Her previous board experience includes positions with the Association of Corporate Counsel and NUBURU, Inc., where she chaired the Nominating and Governance Committee and served on the Audit and Compensation Committees.

She holds degrees from the University of California, Berkeley, including a B.A. and J.D. from the School of Law.

Allbirds, founded in 2015, describes itself as a global lifestyle brand focused on sustainable materials and better manufacturing practices. The company is known for its Wool Runner footwear and other products made from materials like Merino wool, tree fiber, and sugarcane. Despite a 47.82% price increase over the last six months, InvestingPro analysis shows Allbirds faces significant financial challenges, including negative EBITDA of -$76.2 million and rapidly depleting cash reserves. Investors should note the company reports earnings in just 7 days on November 7, which could be a pivotal event given that analysts anticipate continued sales decline this year. For comprehensive analysis of Allbirds and 1,400+ other US stocks, InvestingPro offers detailed Research Reports that transform complex financial data into actionable intelligence.

In other recent news, Allbirds Inc. reported its financial results for the second quarter of 2025, achieving a net revenue of $40 million, which was at the high end of its guidance. The company faced a challenging macroeconomic environment, with a gross margin decrease to 40.7% from 50.5% year-over-year. Additionally, Allbirds reported an adjusted EBITDA loss of $13 million, surpassing its guidance by over $3 million. In a separate development, board member Ann Freeman resigned to become the President of Foot Locker, North America, after Foot Locker’s merger with DICK’S Sporting Goods. Allbirds confirmed that Freeman’s resignation was not due to disagreements over company operations, policies, or practices. These recent developments come as the company also informed Nasdaq of its non-compliance, following Freeman’s departure.

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