Back Market Strengthens Leadership: CFO Clement Petit Appointed as New CEO

Back Market Japan, a global marketplace specializing in refurbished electronics, has announced the appointment of its current CFO, Clement Petit, as the next CEO. The appointment will officially take effect on September 1, 2026. This change aims to strengthen the executive team to accelerate the next phase of growth, with the long-term goal of ensuring that more than half of all electronic devices sold globally are refurbished rather than new.

Founder and current CEO Thibaud Hug de Larauze will transition to Chairman of the Board as of September 1, 2026, where he will focus on long-term business strategy and industry-wide transformation. Clement Petit will oversee business operations as CEO, responsible for achieving the goal of establishing leadership within the refurbishment industry.

"Back Market has come a long way since its inception in 2014," stated Hug de Larauze. "In 2025, we reached our break-even point, with global GMV exceeding $3.5 billion, a 32% increase year-over-year. As the company scale and mission expand, we are strengthening our leadership structure to aim for faster growth and higher objectives."

Clement Petit, who has served as CFO since 2020, expressed his commitment: "The direction is clear. As we continue to grow our marketplace, we will steadily build the next steps toward making refurbished electronics a standard choice worldwide."

Established in France in November 2014, Back Market is a unicorn company and one of the largest marketplaces for refurbished electronics, including phones and computers. The company provides a one-year warranty and a 30-day return policy for all purchases. Back Market was certified as a B Corporation (B Corp) in April 2023.