New York City-based sleep products company Casper announced Joe Megibow will succeed Emilie Arel as CEO. The two will work together until March 1 to transition their roles. Eric Sobotka, managing partner and founder of Durational Capital Management (the private equity firm that acquired Casper in 2021), remarked on this new phase of leadership: “I want to thank Emilie for her vital leadership and valuable contributions over the past four years at Casper. We are excited to welcome Joe, who brings tremendous industry experience and an exciting vision for Casper’s next phase of growth.”
Megibow, who most recently served as CEO of wine subscription platform Bright Cellars, brings more than three decades of retail and technology experience to Casper. Previously, he was CEO and board member at sleep company Purple, led clothing retailer American Eagle’s direct-to-consumer business, and held several roles at Expedia.com, according to a news release.
“No other mattress brand has cultivated the level of customer trust and love that Casper has, and it’s our time to leverage this unique position,” said Joe Megibow, CEO of Casper. “This is the sleep brand pioneer that disrupted the industry, creating unmatched brand awareness in a sleepy category with a strong focus on innovative products that support our passion for sleep health. With recent investment from strategic partnerships, Casper is well capitalized and poised for significant growth.”
