According to a filing with the Securities and Exchange Commission, Webb notified the company of her decision to resign earlier this month.
Solo’s board of directors appointed Andrea Tarbox to fill in as interim CFO when Webb steps down. Tarbox is chair of Solo’s audit committee.
Tarbox brings extensive experience in the CFO role, Solo said in a release. Her 20 years of service in various CFO roles include 12 years at KapStone Paper and Packaging, Inc. where she helped lead KapStone’s sale to WestRock Company in 2018.
During her time as interim CFO, Tarbox will remain on the board but temporarily step down as chair of the audit committee.
“We appreciate Somer’s contributions to our organization and wish her well in her future endeavors,” said John Merris, chief executive officer of Solo Brands, in a release. “We are fortunate to have Ms. Tarbox in our organization. She is an experienced financial executive whose knowledge of the company will enable her to successfully lead our financial function through this interim period.”
Solo has engaged an executive search firm to assist in identifying Webb’s successor.
“I want to thank the board and the leadership team for the time at Solo Brands and I wish the team continued success,” Webb said in a release.
Solo Brands has reaffirmed its guidance and continues to expect revenue for the full fiscal year of 2023 in the range of $520 to $540 million, with the most likely outcome at the midpoint of $530 million, and adjusted EBITDA margin in the range of 17% to 18%.
Solo will report its third quarter 2023 financial results on Nov. 7.