Former Amazon CFO Joins Thrasio Board Of Directors

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By STS News Desk On Nov 16, 2020

Thrasio Passes $2 Billion in Total Capital Raised, Adds $650 million in Debt Facility to Fuel Rapid Growth

Thras.io, Inc. (“Thrasio”) announced today the appointment of former Amazon CFO Tom Szkutak to its Board of Directors. Szkutak has deep knowledge of Amazon’s unique ability to create unmatched value for both customers and sellers, a philosophy that will guide Thrasio as it enters its next phase of growth.

“Like Amazon, Thrasio is an innovative company that is passionate about customer experience and has tremendous growth opportunities,” said Szkutak. “Amazon’s continued investment on behalf of sellers combined with Thrasio’s operational expertise and its focus on product quality, selection, and pricing is making it a success on the Amazon platform.”

“Online merchants love the FBA program. The massive infrastructure Amazon has in place makes it easy for new sellers to enter the market, grow, and operate a successful business,” said Thrasio co-founder and co-CEO Carlos Cashman. “Amazon’s nearly 3 million active third-party sellers represent almost 60% of its sales – and the most successful ones are the sellers who best embody the ‘customer-first’ principle that drives all of Amazon. Thrasio aims to be an enduring partner in that story, and Tom’s guidance will help us continue to emulate that customer-first approach.”

“Thrasio has reached over $400 million in annual sales in just over two years,” added Thrasio co-founder and co-CEO Josh Silberstein. “Tom is a perfect fit for our Board because he is one of just a few executives with experience managing that kind of extraordinary growth–all while operating within Amazon’s esteemed leadership principles that promote quality at scale.”

Szkutak joined the Thrasio Board of Directors effective October 23rd. He retired from Amazon in 2015 and before that spent twenty years at GE in a range of positions, including CFO for GE Lighting. Tom is an Operating Partner with Advent International and is a board member of Intuit and Zendesk.

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