LivingSocial names Sears, Walgreens veteran as CFO

Washington, D.C. – Online marketplace LivingSocial appointed Atul Kavthekar as CFO. He will join the company in June, and will report to president and CEO Gautam Thakar.



Kavthekar has more than 20 years of experience in finance, banking and strategic business development. Prior to LivingSocial, he served as CFO and head of corporate development for Sears Holdings Corp.’s Health and Wellness Solutions business unit,responsible for overall financial management, corporate and business development, and strategic planning for the division.



Prior to Sears, Kavthekar was the CFO for Walgreens’ e-commerce division, where he oversaw the financial management and business development of the retailer’s rapidly growing, multi-billion dollar unit, including its mobile, tablet and website platform development. Also at Walgreens, he was a leader in mergers and acquisitions and strategic investing.