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LivingSocial Draws on Former Sears and eBay Execs

LivingSocial, the Groupon-like “local marketplace to buy and share the best things to do in your city and beyond,” is drawing on some retail heavy hitters to help it reboot. The company just hired Atul Kavthekar, CFO of Sears’ Health and Wellness Solutions business unit, as its Chief Financial Officer.

Prior to Sears, Kavthekar was the CFO for Walgreens’ Ecommerce division, where he helped the company acquire drugstore.com.

In March, LivingSocial announced Lorrie Norrington was joining the company as a board observer and a senior advisor to President and CEO Gautam Thakar. Norrington was formerly President of eBay Marketplaces before leaving eBay in 2010 for personal family reasons.

Norrington had been CEO at Shopping.com, a post Thakar later served after the company was acquired by eBay. Norrington was quoted in the March announcement about her appointment, “The market for local ecommerce has tremendous untapped potential, and I am excited to be able to help Gautam, the board and the team at LivingSocial with the next chapter of the company.”

According to its Wikipedia entry, LivingSocial has undergone many leadership changes since its founding. Thakar joined the company last year.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.