The Chinese e-commerce giant will have $8 billion in cash after its IPO as well as valuable stock it can use for acquisitions. The ...
Mark Stabingas becomes chief operating officer at the site that focuses on young consumers.
Liberty Interactive’s Lockerz.com, an invitation-only site that generates revenue from both e-commerce and advertising, has hired Mark Stabingas as chief operating officer. He will manage e-commerce, finance, partnerships and acquisitions for the company, which says it has 18 million members around the world.
He previously worked at Amazon.com, No. 1 in the Internet Retailer Top 500 Guide, holding such jobs as senior vice president of business development and vice president of finance, and also overseeing Amazon Payments Inc., a payment processing service owned by Amazon. He also worked as vice president of corporate strategy for PepsiCo Inc., managing mergers and acquisitions for the beverage and food company.
"After partnering with Mark for years during our tenures at Amazon.com, I am delighted to welcome him to the Lockerz team," says Kathy Savitt, founder and CEO of Lockerz. "Mark's deep business experience with world-class companies, wit, strategic acumen, and solid judgment are synergistic with our existing leadership team, and will help Lockerz drive closer to achieving its vision to be the homepage of Generation Z."
Generation Z refers to the consumer demographic that Lockerz serves: men and women between the ages of 13 and 30 years. The company sells such items as designer gear, electronics, accessories, and sports equipment.
Lockerz says it has 70 employees who work from locations in Seattle, San Francisco and San Diego.