The board has named Barry Newstead, currently Redbubble’s chief operating officer, as the company’s next managing CEO and MD, effective 1 August 2018.
Hosking will continue to be involved with the company as a non-executive director on the Redbubble Board and as a committed shareholder.
Founded in 2010, Redbubble is an online marketplace for artists to sell their designs, which customers can purchase and have printed on a variety of products, such as t-shirts, tote bags, canvases and more.
The company listed on the ASX in 2016 off the back of strong international growth. It now has offices in Melbourne, San Francisco and Berlin.
Hosking noted that he established Redbubble to be a long-term enterprise and characterised the past decade as an “incredible start” to the company’s journey.
“The business is propelled by strong momentum, leading technology and favourable global consumer trends,” he said.
Hosking credited much of Redbubble’s current success to Newstead’s involvement and said he will bring the strategic vision and operating depth the company needs to grow in the on-demand retail space.
Newstead echoed Hosking’s comments about the company’s future.
“We are just at the beginning of our endeavour to disrupt retail commerce globally,” he said.
“I look forward to continuing to create value for shareholders, employees, artists and partners for many years to come.”