Stephanie Korey
Stephanie Korey is an American businesswoman and executive chairman of Away, a luggage retailer, at which she served as CEO until December 2019.[1][2] Korey was featured on the Forbes 30 Under 30 list for Retail & Ecommerce in 2016, and the Forbes 30 Under 30 All Star Alumni list in 2017.[3] Korey has been featured in publications including Entrepreneur,[4] Fast Company,[5] The New York Times,[6] Inc.,[7] CNBC,[8] The Business of Fashion,[9] The Wall Street Journal,[10] Vogue[11] and TIME.[12]
Early life
Korey was born in the United States and grew up in Ohio.[13] Her father was born in Lebanon and her mother was born in Romania. She grew up traveling to visit her family in Europe and the Middle East.[13] Korey studied international relations at Brown University and received her MBA from Columbia University.[14][8]
Early career
After graduation, she worked at Kate Spade and Bloomingdale's.[15]
By 2011, Korey joined Warby Parker and led the company's supply chain, production, and fulfillment work as its Head of Supply Chain.[12] She met Away co-founder Jennifer Rubio during her time at the company.[15] In 2014, she left the company and received her MBA,[8] while also working as a consultant for supply chain and merchandising strategy at mattress company Casper.[16]
Away
Korey co-founded Away, a direct-to-consumer travel company, with Jennifer Rubio. By 2017, Korey and Rubio had raised $31 million, making it one of the highest-funded female-founded startups.[17] In June 2018, they raised $50 million in a Series C funding round and announced that Away reached profitability in under two years.[18]
Korey has led an online course on management and leadership principles on Skillshare,[19] and has contributed to Entrepreneur.[20]
In 2016, Korey was named on the Forbes 30 under 30 list for Retail & Ecommerce in 2016, and the Forbes 30 Under 30 All Star Alumni list in 2017.[3] The company was named to the 2018 Top 10 Most Innovative Companies by Fast Company.[21] In June 2018, she received the Ernst & Young Entrepreneur Of The Year 2018 New York Award.[22]
A late-2019 report revealed a toxic workplace at Away and prominently featured Korey's role in creating a culture of staff mistreatment and public humiliation. In an apology, Korey said that she was "appalled" to read her own messages and listed steps taken to improve the company's work culture in the last year.[23][24] On December 9, 2019, Korey was replaced as CEO of Away by Stuart Haselden. She continued to serve as Away's executive chairman.[2]
References
- ↑ Garcia, Ahiza. "The founders of Away changed the luggage industry after a travel mishap". CNNMoney. Archived from the original on 2018-08-05. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 Schiffer, Zoe (2019-12-09). "Away replaces CEO Steph Korey after Verge investigation". The Verge. Retrieved 2019-12-09. Unknown parameter
|url-status=ignored (help) - ↑ 3.0 3.1 "Stephanie Korey". Forbes. Archived from the original on 2018-10-21. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Korey, Steph (2018-06-20). "Why Embracing Failure Is Good for Business". Entrepreneur. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "Save Your Money, Skip The MBA, And Go To Startup Grad School Instead". Fast Company. 2016-08-31. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "Did You Pack Too Much? Your Suitcase Knows". Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "How This Company Launched With Zero Products--and Hit $12 Million in First-Year Sales". Inc.com. 2017-06-28. Archived from the original on 2018-07-11. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ 8.0 8.1 8.2 Elkins, Kathleen (2018-02-12). "Columbia MBA and multimillion-dollar start-up founder: Here's what business school can't teach you". CNBC. Archived from the original on 2018-08-04. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "Away Raises $50 Million to Build a Better Carry-On Bag". The Business of Fashion. 2018-06-28. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Velasco, Haley (2018-05-23). "Does Smart Luggage Really Make Travel Easier?". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "The Perfect Carry-On Bag Has Arrived—And It's Under $250". Vogue. Archived from the original on 2019-04-03. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ 12.0 12.1 "The Boss: The Founders of Away Have 3 Tips for Female Entrepreneurs". Time. Archived from the original on 2018-11-02. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ 13.0 13.1 "Portrait of a Girlboss: Away Co-Founders Steph Korey & Jen Rubio". Girlboss. 2016-10-18. Archived from the original on 2019-04-03. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "Founder Fridays: Stephanie Korey '09, co-founder of Away - Jonathan M. Nelson Center for Entrepreneurship". Jonathan M. Nelson Center for Entrepreneurship. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ 15.0 15.1 "Pack For Your July Fourth Getaway In the New 'Away' Luggage". Observer. 2016-06-30. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Dunn, Laura Emily (2016-09-01). "Women in Business Q&A: Jen Rubio and Steph Korey, Founders, Away". Huffington Post. Archived from the original on 2017-03-24. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "This CEO Is Leading a New Wave of Female Entrepreneurs". Fortune. Archived from the original on 2018-07-05. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Klich, Tanya. "Luggage Startup Away Raises $50M In Series C And Hits Profitability Within Two Years". Forbes. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "Steph Korey - Skillshare". Skillshare. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Korey, Steph (2018-06-20). "Why Embracing Failure Is Good for Business". Entrepreneur. Archived from the original on 2018-10-22. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ "The 2018 Top 10 Most Innovative Companies by Sector: Travel | Fast Company". Fast Company. Archived from the original on 2018-07-29. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ EY. "EY Announces Winners for the Entrepreneur Of The Year® 2018 New York Award". www.prnewswire.com. Archived from the original on 2018-06-15. Retrieved 2018-10-21. Unknown parameter
|url-status=ignored (help) - ↑ Ruiz-Grossman, Sarah (December 6, 2019). "Away CEO Apologizes for Treatment of Former Staff After Damning Article". HuffPost. Archived from the original on December 7, 2019. Retrieved December 7, 2019. Unknown parameter
|url-status=ignored (help) - ↑ Bellstrom, Kristen (December 6, 2019). "Away Founders Use 'Inclusivity' to Respond to Toxic Culture Claims". Fortune. Archived from the original on December 6, 2019. Retrieved December 7, 2019. Unknown parameter
|url-status=ignored (help)
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