Kerry Lebensburger, previously President of Ashley Furniture, assumes the role of retiring Director Lorri Kelley.
EL MONTE, Calif., Aug. 18, 2025 – GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a leading provider of comprehensive B2B technology solutions for large parcel goods worldwide, today disclosed the appointment of industry veteran Kerry Lebensburger to its Board of Directors (the “Board”). This appointment is effective August 17, 2025, and follows the retirement of existing board member Lorri Kelley. GigaCloud’s Board will continue to comprise five members.
Mr. Lebensburger contributes extensive executive leadership, gained during his nearly 30-year tenure as the former President of Ashley Furniture, one of the premier furniture manufacturers in the U.S., prior to his retirement in 2023. While at Ashley Furniture, he progressed through various senior leadership positions encompassing sales, marketing, merchandising, product development, and overall business expansion. Furthermore, he has held board roles with the American Home Furnishings Hall of Fame, The Home Furnishings Association, and the Las Vegas Home Furniture Association, and has received numerous industry accolades. Mr. Lebensburger completed his undergraduate studies at The Wharton School of the University of Pennsylvania in 1968 and obtained his MBA from the University of Cincinnati in 1969.
“I am delighted to become a part of GigaCloud’s board during this exciting period of expansion. I have observed the Company’s remarkable growth and its revolutionary influence on the industry—through its use of technology to provide enhanced efficiency and adaptability throughout the supply chain,” Mr. Lebensburger stated. “By innovating the way businesses interact and conduct transactions, GigaCloud is not merely advancing the sector but also generating significant value for all stakeholders. I anticipate contributing to its ongoing achievements.”
“GigaCloud has maintained a strong relationship with Kerry for many years, and we are enthusiastic about incorporating his expertise and strategic vision as the newest addition to our Board of Directors,” commented Larry Wu, Founder, Chief Executive Officer, and Chairman. “His sustained insights and extensive background in the furniture sector will prove indispensable as we proceed with the expansion of our B2B Marketplace. Furthermore, on behalf of the Board, I extend our gratitude to Lorri for her service and wish her all the best in her future endeavors.”
Ms. Kelley informed the Company of her decision to step down from the Board on August 12, 2025, following two years of service. She will remain in an advisory capacity to facilitate Mr. Lebensburger’s transition. Her departure was not prompted by any dispute or difference of opinion with the Company or the Board, nor was it connected to any aspect of the Company’s operations, policies, or procedures.
“I have thoroughly appreciated my tenure at GigaCloud, particularly observing its substantial expansion,” Ms. Kelley remarked. “I am confident that the Company is strategically positioned to sustain this progress and reinforce its prominent role in worldwide B2B technology solutions.”
About GigaCloud Technology Inc
GigaCloud Technology Inc stands as an innovator in providing global, comprehensive B2B technology solutions for oversized goods. The Company’s B2B e-commerce platform, known as the “GigaCloud Marketplace,” consolidates all aspects from product discovery, payment processing, and logistics management into a single, user-friendly interface. This international marketplace effectively links manufacturers, predominantly in Asia, with resellers, mainly in the U.S., Asia, and Europe, enabling reliable, swift, and efficient cross-border dealings. The Company delivers a genuinely all-encompassing service that manages product transit from the manufacturer’s storage facility directly to the final customer’s location, all at a consistent, predetermined cost. Initially introduced in January 2019 with a focus on the global furniture industry, the Company’s marketplace has since broadened its scope to include further categories like home appliances and fitness apparatus. For more details, please access the Company’s website: .
Forward-Looking Statements
This press release includes “forward-looking statements.” Such statements represent our present perspective on future occurrences. These forward-looking statements entail both identified and unidentified risks and uncertainties, and they are formulated based on the Company’s existing expectations and forecasts regarding future developments that the Company anticipates could influence its financial health, operational outcomes, business approach, and capital requirements. Investors are able to recognize these forward-looking statements through terms or phrases like “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or analogous language. The Company assumes no duty to publicly amend or update any forward-looking statements to account for subsequent events, prevailing conditions, or shifts in its outlook, unless mandated by legal provisions. While the Company considers the expectations articulated in these forward-looking statements to be justifiable, it cannot guarantee their accuracy, and the Company advises investors that actual outcomes might substantially diverge from projected results and urges investors to examine additional elements that could impact its future performance as detailed in the Company’s registration statement and other submissions to the SEC.
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