RebrandingJun 17, 2026, 08:12 AM
Smartbird Appoints Nadia Carlsten CEO; Rebrands, Boosts Capital
AI Summary
Smartbird, Inc. (formerly Allbirds, Inc.) announced the appointment of Nadia Carlsten as its new President and CEO, who also joins the board. The company has completed the sale of its Allbirds brand and footwear assets, officially transitioning to an AI infrastructure provider. To support its new strategy, Smartbird also increased its convertible financing facility from $50 million to $100 million. Independent Director Lily Yan Hughes was appointed board chair, and Joe Vernachio resigned.
Key Highlights
- Allbirds, Inc. officially changed its name to Smartbird, Inc.
- Nadia Carlsten appointed President, CEO, and board member of Smartbird, Inc.
- Company completed the sale of the Allbirds brand and footwear assets.
- Convertible financing facility increased from $50 million to $100 million.
- Lily Yan Hughes appointed board chair; Joe Vernachio resigned.
- Carlsten received an inducement RSU award of 1,532,379 shares, with 255,397 vesting immediately.
Price Impact
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