Lockerz Lands former Amazon and PepsiCo Exec Mark Stabingas for Operations Chief
posted this on July 12, 2011 02:45 PM
SEATTLE—April 7, 2011—Lockerz, a social commerce company with 18 million members worldwide, today announced Mark Stabingas as the company’s chief operating officer. Stabingas will lead the rapidly growing startup’s finance, partnerships and acquisitions and e-commerce functions. Targeting customers ages 13 to 30, Lockerz rewards its members for doing what they love online, including shopping, connecting with friends, and sharing content.
“After partnering with Mark for years during our tenures at Amazon.com, I am delighted to welcome him to the Lockerz team,” said Kathy Savitt, founder and chief executive officer 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."
At Amazon, Stabingas held several senior-level positions, including senior vice president of business development and vice president of finance. He also led Amazon Payments, Inc., an Amazon.com company that offers consumers and businesses a safe and easy way to get paid online. As vice president of corporate strategy and development at PepsiCo, Stabingas managed mergers and acquisitions, as well as market development and expansion. He holds a Master’s degree in Finance from the J.L. Kellogg Graduate School of Management and a B.A. in Economics and Business from the University of Pittsburgh.
“Joining Lockerz is a tremendous opportunity to be a part of a game-changing company,” said Stabingas. “I immediately connected with the Lockerz vision, and have been continuously impressed with the passion, ability and customer focus demonstrated by the entire company from top to bottom.”
As the father of two Generation Z girls, Mark has observed first-hand the way they interact with technology in everything from entertainment to communication to shopping. Their behavior reinforced his belief in the Lockerz concept. Additionally, Stabingas is a known quantity to Lockerz board members John Doerr, Bing Gordon and Rick Dalzell, all of whom he got to know during his time at Amazon. These relationships, combined with his years working with Kathy Savitt were further evidence of a great fit.
Lockerz has more than 70 employees located in Seattle, San Francisco and San Diego. The company acquired leading photo-sharing service Plixi in January 2011.
About Lockerz Based in Seattle, Lockerz' mission is to be the homepage for men and women ages 13 to 30, building a community of nearly 18 million trendsetters and tastemakers who love to shop, play and connect on the Web. Lockerz rewards members for doing what they love online, offering major discounts on the coolest fashions, electronics, music and more. Members earn PTZ® (Points) by watching videos, listening to music and inviting friends. Lockerz PTZ are then used to lower the prices of merchandise at-will. Lockerz was founded by former technology and retail executive Kathy Savitt, and is backed by Liberty Media Corporation and Kleiner Perkins Caufield & Byers. For more information about Lockerz, please visit www.Lockerz.com.