Kerry Lebensburger joins GigaCloud Technology’s board of directors

EL MONTE, Calif. - GigaCloud Technology Inc (NASDAQ:GCT), a profitable technology company with annual revenue of $1.19 billion and strong financial health according to InvestingPro analysis, announced Monday the appointment of Kerry Lebensburger to its Board of Directors, effective August 17, 2025. Lebensburger, the former President of Ashley Furniture, succeeds Lorri Kelley, who is retiring after two years of service.

Lebensburger brings nearly three decades of executive leadership experience from Ashley Furniture, one of the largest furniture companies in the U.S., where he worked until his retirement in 2023. During his career, he held senior leadership roles in sales, marketing, merchandising, product development, and business growth.

"I am thrilled to join GigaCloud’s board during this dynamic phase of growth," said Lebensburger, who earned his undergraduate degree from The Wharton School of the University of Pennsylvania and an MBA from the University of Cincinnati. The appointment comes as GigaCloud’s stock has shown remarkable momentum, with a 74% year-to-date return and trading near its 52-week high.

Larry Wu, Founder, Chief Executive Officer, and Chairman of GigaCloud, stated that Lebensburger’s "broad-based furniture experience will be invaluable" as the company continues expanding its B2B Marketplace.

Kelley, who notified the company of her intention to retire on August 12, will continue to serve as an advisor to support Lebensburger’s transition. According to the company’s statement, her retirement was not related to any dispute or disagreement with the company.

GigaCloud Technology describes itself as a provider of global end-to-end B2B technology solutions for large parcel merchandise. The company’s GigaCloud Marketplace platform integrates discovery, payments, and logistics tools to facilitate cross-border transactions between manufacturers and resellers.

This information is based on a press release issued by GigaCloud Technology.

In other recent news, GigaCloud Technology Inc. reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company’s earnings per share (EPS) reached $1.14, significantly exceeding the anticipated $0.51, which represents a 123.53% surprise. Revenue also outperformed predictions, coming in at $323 million compared to the forecasted $303.21 million, marking a 6.39% increase. These developments highlight GigaCloud Technology’s robust performance in the recent quarter. The strong financial results have drawn attention from investors and analysts alike. There is no mention of any recent mergers or acquisitions involving the company. Additionally, there have been no recent analyst upgrades or downgrades reported for GigaCloud Technology. These updates reflect the company’s current standing in the market without any additional corporate announcements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.