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LivingSocial: Groupon’s Not The Only Company That Can Hire A CFO

January 6th, 2011 01:15 admin Leave a comment Go to comments

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.

Source: LivingSocial: Groupon’s Not The Only Company That Can Hire A CFO

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