FIGS Announces Retirement of Main Monetary Officer, Jeffrey Lawrence FIGS’ Longtime Senior Vice President of Finance and Technique, Daniella Turenshine, Appointed as Chief Financial Officer

SANTA MONICA, Calif., December 10, 2021–(Small business WIRE)–FIGS, Inc. (NYSE: FIGS) (“FIGS” or the “Company”), the direct-to-consumer healthcare apparel and way of living manufacturer, announced today that Jeffrey Lawrence, its Chief Money Officer, has made a decision to retire, helpful December 24, 2021. Jeff joined FIGS in December 2020, coming out of retirement to aid guide FIGS’ extremely successful first community providing previously this 12 months.

FIGS is enthusiastic to announce that Daniella Turenshine, its Senior Vice President of Finance and Strategy, has been appointed FIGS’ Main Economic Officer, productive December 24, 2021. Daniella joined FIGS in 2018 and led FIGS’ finance group for around two several years just before Jeff joined the Firm, and she has continued to serve on FIGS’ senior government crew and as a leader on the finance staff. All over her time at the Business, Daniella has been instrumental in encouraging FIGS obtain its unique blend of exponential income expansion and higher stage of profitability. Prior to FIGS, she served as Vice President at Garnett Station Associates, a development-oriented expenditure company exactly where she assisted to construct out a superior-progress purchaser products business. She also worked in personal equity at Avista Money Companions and in investment banking at Credit history Suisse. She been given her MBA from Harvard Company College and an AB in Finance and Economics from Princeton College.

“I want to thank Jeff for his contributions over the past 12 months as he helped steward our IPO, construct out our workforce, and established us up for good results as a community company,” claimed Trina Spear, FIGS’ co-CEO. “I would like him all the finest on behalf of the entire FIGS family members.”

“As the son, spouse and father of registered nurses, I have a deep regard for the health care local community we provide and am proud of what we have achieved in the course of my tenure at FIGS, like our IPO,” claimed Jeff. “It has been a honest privilege to function along with FIGS’ management, the Board of Administrators and my fellow staff. I am confident that we are properly-positioned for our future phase of transformative development below Daniella’s leadership.”

“Daniella has created a large affect more than her a lot more than a few many years as a senior government at FIGS,” said Trina. “She has confirmed herself to be an exceptionally talented monetary and strategic head, and she has performed a significant function in our quick and profitable growth.”

“I am exceptionally psyched about the a lot of prospects that lie forward, and what we can do to hold driving lucrative advancement while getting an increasingly meaningful impact on the healthcare group,” stated Daniella. “It is actually an honor to assistance FIGS improve the life of the health care professionals we serve.”

About FIGS

FIGS is a founder-led, immediate-to-shopper healthcare attire and way of life brand that seeks to celebrate, empower and serve present-day and future generations of healthcare experts. We produce technically superior clothing and goods for healthcare professionals that element an unmatched mixture of comfort and ease, longevity, function and type. We industry and promote our solutions straight by means of our digital system to present a seamless working experience for healthcare gurus.

Ahead-Wanting Statements

This push release is made up of forward-searching statements about FIGS, Inc. (the “Corporation”) within the which means of the Non-public Securities Litigation Reform Act of 1995, as amended (the “Act”) that are based on current administration expectations, and which require significant threats and uncertainties that could bring about actual outcomes to differ materially from the effects expressed in, or implied by, this kind of forward-seeking statements. All statements contained in this press release that do not relate to issues of historical point ought to be regarded ahead-seeking. These ahead-looking statements commonly are discovered by the text “foresee,” “consider,” “ponder,” “go on,” “could,” “estimate,” “assume,” “forecast,” “upcoming,” “intend,” “might,” “may,” “chance,” “outlook,” “plan,” “feasible,” “opportunity,” “forecast,” “undertaking,” “should really,” “technique,” “attempt,” “goal,” “will,” or “would,” the negative of these words or other comparable terms or expressions. The absence of these words does not indicate that a statement is not ahead-seeking. These ahead-hunting statements address several issues which includes statements relating to the Company’s opportunity for progress and the Main Money Officer transition. These statements are based on management’s present-day anticipations and precise benefits may possibly differ materially from those projected and you are cautioned not to position undue reliance on these ahead-seeking statements. The next essential factors and uncertainties, among the others, could cause real success to vary materially from these described in these forward-hunting statements: the impression of COVID-19 on the Company’s operations the Company’s ability to preserve its new fast progress the Company’s skill to retain profitability the Company’s potential to sustain the worth and track record of its model the Company’s capacity to entice new buyers, keep present shoppers, and to preserve or increase profits to those prospects the achievement of the Company’s advertising and marketing endeavours the Company’s skill to sustain a strong community of engaged shoppers and Ambassadors unfavorable publicity associated to the Company’s advertising attempts or use of social media the Company’s capability to successfully produce and introduce new, progressive, and up to date products and solutions the competitiveness of the sector for health care attire the Company’s capacity to preserve its critical staff members the Company’s means to appeal to and keep very qualified personnel and senior administration threats related with growth into, and conducting enterprise in, international markets changes in, or disruptions to, the Company’s shipping preparations the Company’s means to correctly forecast buyer demand, regulate its stock, and plan for long run charges the Company’s reliance on a minimal variety of 3rd-celebration suppliers the fluctuating expenses of raw products the Company’s failure to guard its mental residence legal rights the fact that the operations of several of the Company’s suppliers and distributors are subject to added challenges that are beyond its management and other hazards, uncertainties, and factors talked about in the “Hazard Elements” portion of the Company’s Quarterly Report on Variety 10-Q submitted with the Securities and Exchange Fee (“SEC”) on November 10, 2021 and in the Company’s other filings with the SEC. The ahead-seeking statements in this push release speak only as of the time designed and the Business does not undertake to update or revise them to replicate potential functions or instances.

Watch supply edition on businesswire.com: https://www.businesswire.com/information/residence/20211210005112/en/

Contacts

Investors:
Carrie Gillard
[email protected]

Media:
Todd Maron
[email protected]

Candice Cearley

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