Social shopping company LivingSocial this morning announced that it has recruited an experienced chief financial officer, notably mere weeks after Amazon veteran Jason Child was appointed that role at rival Groupon. Funnily enough, Child’s former employer is the company that just pumped $175 million into LivingSocial.
LivingSocial’s fresh CFO is John Bax, a former Wal-Mart executive that most recently served as chief financial officer at RecycleBank.
The social shopping startup says Bax will be charged with managing all aspects of financial planning and operations management for its business initiatives.
Tim O’Shaughnessy, CEO and co-founder of LivingSocial says Bax already played a crucial role in securing the funding round from Amazon.
LivingSocial has raised a whopping $232 million to date.
LivingSocial is the social commerce leader behind LivingSocial Deals, a group buying program that invites people and their friends to save up to 90 percent each day at their favorite restaurants, spas, sporting events, hotels and other local attractions in major cities. LivingSocial has an extensive user base of more than 85 million, and is headquartered in Washington, D.C.
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