Kim Nam-sun, head of strategic investment at South Korean internet giant Naver Corp., has been named the new CEO of Poshmark, a North American peer-to-peer resale platform.

The fashion resale marketplace announced Tuesday that its current CEO, Manish Chandra, will step down, with Kim set to take the helm in October.

Kim played a key role in Naver’s acquisition of Poshmark, which was completed in January 2023 for around 1.6 trillion won ($1.23 billion).

At the time, Kim was serving as the company’s Chief Financial Officer and led the negotiation process.

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