Rose Marcario is stepping down as chief executive of Patagonia on June 12, after 12 years with the company, the last six as CEO. She joined Patagonia as chief financial officer in 2008 after spending 15 years in private equity. Patagonia’s chief operating officer, Doug Freeman, will take her place while the board of directors and the company’s founder, Yvon Chouinard, look for a successor. Reportedly, Marcario and Chouinard had been discussing her departure since the end of last year. It was then decided that a new team should be brought on board soon to lead a transformation of the company after the Covid-19 pandemic. In March, Patagonia was one of the earliest banners to close its doors – and even its online store for a period – and is still very cautious with its reopening plans. More in The Outdoor Industry Compass.