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OAKLAND, Calif. - Online resale platform ThredUp (NASDAQ:TDUP, LTSE: TDUP) announced Monday the appointment of Kelly Bodnar Battles to its Board of Directors, effective December 1, 2025. Battles will serve as Audit Committee Chair.
Battles brings over 35 years of finance and strategy leadership experience to the role. She previously held Chief Financial Officer positions at several companies including Alpha Medical, Quora, Bracket Computing, and Host Analytics, along with executive roles at Cisco Systems and Hewlett Packard.
Currently, Battles serves on the Board and Audit Committee of Arista Networks (NYSE:ANET) and as Board member and Audit Committee Chair at Genesys, Qumulo, and Alpha Medical. Arista Networks, currently trading above its InvestingPro Fair Value, has demonstrated impressive financial performance with a 40.36% return over the past year and 27.75% revenue growth. The company maintains a strong balance sheet with more cash than debt. She holds a Bachelor of Science in Engineering from Princeton University and an MBA from Harvard Business School.
"Kelly's experience in financial leadership and corporate governance, particularly at multiple high-growth, public companies, is invaluable as ThredUp continues to scale and mature," said James Reinhart, Cofounder and CEO of ThredUp, in a press release statement.
Battles joins existing board members Patricia Nakache (Chair), Ian Friedman, Mandy Ginsberg, Timothy Haley, Dan Nova, Coretha Rushing, Noam Paransky, and CEO James Reinhart.
ThredUp operates as an online marketplace for secondhand apparel, shoes, and accessories. The company has processed over 200 million unique secondhand items from 60,000 brands across 100 categories, according to the company.
In other recent news, Arista Networks reported its third-quarter earnings, surpassing analyst expectations with an earnings per share of $0.75 against a forecast of $0.71. The company also exceeded revenue projections, reporting $2.31 billion compared to the anticipated $2.26 billion. Despite these positive earnings results, Arista's stock experienced a decline in after-hours trading. Additionally, the company provided fourth-quarter revenue guidance that exceeded expectations by approximately $50 million. However, the top-line growth showed a deceleration, with growth dropping from 30% in the second quarter to 27% in the third quarter, and projections of about 22% for the fourth quarter. Erste Group recently downgraded Arista Networks from Buy to Hold, citing concerns about the stock's valuation relative to its growth prospects. Meanwhile, Rosenblatt maintained a Neutral rating with a $140 price target, and Piper Sandler raised its price target to $145, noting traction in the AI sector. These developments reflect a mix of optimism and caution among analysts regarding Arista's future growth trajectory.
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