E-commerce fulfilment company Huboo has undergone a significant leadership change, with founder Martin Bysh stepping down as CEO to assume a purely board role and introducing Andrew Pinnington as the incoming CEO. Bysh, who has been at the helm since Huboo’s inception in 2017, led the company to impressive growth, achieving over 700 employees, expansion into five countries, and securing $50 million in annual recurring revenue. Bysh, transitioning over the next three months, ensures continuity as Pinnington takes on his new role. Pinnington brings extensive leadership experience from his tenure at Carphone Warehouse and other venture-backed businesses. The leadership transition coincides with a new round of funding for Huboo, spearheaded by Mubadala Capital and supported by existing investors, pushing the total capital raised beyond $150 million. Huboo’s recognition in the RetailTech 50 as a top innovator in retail technology underlines its success and potential. Bysh expressed his satisfaction with Huboo’s trajectory, emphasizing the company’s cultural and growth achievements, while expressing confidence in Pinnington’s capabilities to lead Huboo’s next growth phase. Pinnington, with a track record of guiding companies through key transitions, praised Huboo’s innovative approach to e-commerce fulfilment, its rapid growth, and market positioning, forecasting a promising future for the business.

E-commerce, Retail Technology, Private Equity,United Kingdom, Global

Huboo unveils high-profile CEO amid fresh funding