LivingSocial Taps eBay Exec for CEO

Josh WolfordBusiness

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Daily deals company LivingSocial has just poached an eBay exec to be their next CEO, following January's announcement that longtime head Tim O’Shaughnessy would be resigning.

Your new LivingSocial CEO is Gautam Thakar. Thakar was eBay advertising General Manager since January of 2013, and has served as the CEO of (eBay-owned) since 2011.

"We knew we wanted a new CEO with the ability to drive the business forward with energy, vision and deep e-commerce knowledge. The Board and I met with a number of exceptional candidates, and we all believe that Gautam is the perfect fit for the future of LivingSocial,” said O’Shaughnessy.

“LivingSocial is well-positioned to play a growing role in demand generation for both local and national merchants,” said Thakar. “This is a huge opportunity that will be realized by delighting consumers with personalized services and experiences at great prices. I am excited to join LivingSocial at this important chapter in its journey and help build on all the accomplishments that Tim and the team have achieved so far.”

LivingSocial says that Thakar will officially take the role in mid-August. Apparently, Thakar's hire was a unanimous decision from the company's Board, of which he will join and replace O’Shaughnessy.

Image via Gautam Thakar, LinkedIn

Josh Wolford
Josh Wolford is a writer for WebProNews. He likes beer, Japanese food, and movies that make him feel weird afterward. Mostly beer. Follow him on Twitter: @joshgwolf Instagram: @joshgwolf Google+: Joshua Wolford StumbleUpon: joshgwolf