VarageSale Cofounder Steps Aside and Appoints New CEO

The cofounder of VarageSale has replaced himself as CEO.

Carl Mercier revealed on Medium that he has promoted Andrew Sider to Chief Executive Officer of VarageSale. Mercier is now chief product officer.

“As Founders, product vision is not something you can outsource. As we’ll be making significant investments in our product over the next 24 months, it was important for us to put everything in place to make our vision a reality,” he wrote.

RELATED: Are Canadian Startups Too Eager to Replace Founder CEOs with Professionals?

Sider was part of the founding team at BandPage, which was recently acquired by YouTube. He also co-founded Bunch, which VarageSale acquired two years ago.

In January VarageSale laid off 26 workers. Last year VarageSale raised $34 million in venture capital after being named 2014’s Startup of the Year.