October 21, 2011, 12:19 PM

Flash-sale retailer One Kings Lane hires an eBay executive as finance chief

Dinesh Lathi helped build the top-rated seller program for the online marketplace.

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One Kings Lane has hired Dinesh Lathi as chief financial officer. He comes from eBay Inc., where he worked for seven years and was most recently vice president of managed marketplace and seller experience.

He will report to Doug Mack, CEO of the flash-sale retailer, which focuses on high-end home décor. Lathi will oversee operations and customer service as well as finance, the retailer says.

One Kings Lane says that at eBay, Lathi led a team that crafted initiatives that included the top-rated seller program, which gives discounts to merchants who earn strong service marks. His first job with the online marketplace was as senior director of North American finance. He also worked as chief financial officer for RingCentral Inc., which sells telephone systems to businesses. He also held the same job for Industrial Container, which sells steel, plastic and fiber drums, One Kings Lane says.

“As CFO, Dinesh offers the rare combination of broad financial expertise along with direct operational skills on how to continually enhance customer and vendor satisfaction, making him a perfect fit with the customer-focused culture we’ve built at One Kings Lane,” says Mack. “With our plans for continued aggressive growth, Dinesh will be instrumental to scaling key aspects of our business that support the very special brand position we’ve built with our members and across the home industry.”

Lathi’s hiring comes a month after the flash-sale retailer said it had raised $40 million in its third funding round.

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