Allbirds appointed Lily Yan Hughes as an independent director effective October 31, 2025. Hughes brings a broad background in technology, distribution, real‑estate, capital markets, and corporate governance.
Hughes previously held senior roles at S&P 500 and Fortune 100 companies, including Arrow Electronics, Public Storage, and Ingram Micro, and is currently Assistant Dean at Syracuse University College of Law. She has served on the boards of DirectWomen, the Association of Corporate Counsel, and NUBURU, where she chaired the Nominating and Governance Committee and sat on the Audit and Compensation Committees.
Allbirds is executing a strategic pivot that includes rightsizing its retail footprint, shifting international operations to a distributor model, and launching a new product lineup. The company reported a 25.3% decline in net revenue to $189.8 million for 2024, with a net loss of $93.3 million. Guidance for 2025 projects net revenue of $175 million to $195 million and an adjusted EBITDA loss of $65 million to $55 million.
The appointment aligns with Allbirds’ effort to strengthen board diversity and governance as it seeks to improve profitability amid a competitive footwear and apparel market. As of March 31, 2025, Allbirds held $39.1 million in cash and cash equivalents, with inventories of $44.1 million as of December 31, 2024.
Hughes’ experience in large‑scale operations and governance is expected to support Allbirds’ long‑term growth strategy and help navigate the challenges of its transformation.
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