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LivingSocial Hires eBay's Gautam Thakar as New CEO

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

LivingSocial has hired eBay’s Gautam Thaker as its new CEO, replacing co-founder Tim O’Shaughnessy as the once fast-growing deals company attempts to create a new plan for growth. Thaker most recently was general manager of eBay advertising and CEO of eBay’s Shopping.com site. Thaker will also replace O’Shaughnessy as a director on LivingSocial’s board.

This article originally appeared on Recode.net.