Sarah Oughtred Appointed as FIGS, Inc.'s Chief Financial Officer Starting August 2024

FIGs, Inc. has announced Sarah Oughtred as the new Chief Financial Officer (CFO), effective August 9, 2024. Oughtred, with a background at Lululemon Athletica Inc., will succeed Kevin Fosty, who has been serving interim. Oughtred, who has overseen financial planning and analysis at Lululemon, will join the company on July 29, 2024. Fosty remains in his role until the transition and will continue as VP, Controller.

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FIGs, Inc., a leading medical apparel brand, has announced the appointment of Sarah Oughtred as its new Chief Financial Officer (CFO), effective August 9, 2024. With a distinguished career spanning almost 17 years at Lululemon Athletica Inc., Oughtred brings a wealth of experience in financial planning, analysis, and strategic planning to her new role at FIGs.

Oughtred joined Lululemon in 2005, initially working in the audit and assurance practice at PricewaterhouseCoopers before moving to the retail giant. Over the years, she rose through the ranks, serving as Senior Vice President of Financial Planning & Analysis (FP&A) since 2021. In this role, she led a global team of over 100 finance team members and played a pivotal role in increasing net revenues from $270 million to approximately $10 billion. She also scaled Lululemon's retail footprint from fewer than 50 stores to over 700 and expanded its international footprint from North America-only to over 25 countries globally.

Trina Spear, FIGs' Chief Executive Officer and Co-Founder, expressed her excitement about Oughtred's appointment. "Her experience scaling Lululemon into a global apparel leader aligns directly with our long-term growth plans," Spear said. "We look forward to benefitting from Sarah's experience driving exceptional growth and profitability."

Oughtred received her Bachelor's of Commerce from the University of Victoria in 2003 and her Master's of Professional Accounting from the University of Saskatchewan in 2005. She also holds a Chartered Professional Accountant designation in Canada.

The appointment of Oughtred follows Kevin Fosty's interim tenure as CFO. Fosty remains in his role until the transition and will continue as VP, Controller.