Mark Stabingas Replacing Kathy Savitt as Lockerz CEO
August 29, 2012
Lockerz COO Mark Stabingas is assuming the position of CEO from Kathy Savitt, the founding CEO of the social shopping and rewards site. Ms. Savitt will join Yahoo as chief marketing officer on Sept. 14 and become chairman of the Lockerz board. Lockerz is venture-backed by investors including DAG Ventures and Kleiner Perkins Caufield & Byers. The company's most significant round was a $36 million Series C financing secured in August 2011.