TOTSY Appoints Lisa Kennedy As CEO

NEW YORK, April 2, 2013 /PRNewswire/ -- TOTSY (www.TOTSY.com), a leading private sale site exclusively dedicated to delivering deals on must-haves for parents, babies and kids, announced today the appointment of Lisa Kennedy as CEO.

"I'm excited to welcome Lisa to the team and look forward to seeing TOTSY grow under her leadership. The company has grown very quickly since its founding in late 2009 and we are confident that Lisa will be able to continue and even accelerate that momentum," noted Guillaume Gauthereau, Co-founder and former CEO of TOTSY. "Like many entrepreneurs, my passion lies in building early stage companies and I look forward to continuing to follow that passion through future endeavors while remaining on the Board of TOTSY," he added.

Kennedy joins TOTSY from Hopscotch.in, a private sale site for families in India, which she co-founded in 2012. Previously, she served as Executive Vice President of E-commerce at Quidsi, Inc., proprietor of Diapers.com, Soap.com and BeautyBar.com. During Kennedy's tenure, the company grew from less than $30 million of annual revenue to over $300 million before its acquisition by Amazon. Before Quidsi, she held positions such as Vice President of Business Development and Operations at eScholastic and General Manager of Time, Inc.'s The Parenting Group.

Kennedy began her career as a financial analyst for Goldman Sachs and a management consultant for the Monitor Group. She received her M.B.A. from Harvard Business School and completed her B.A. in economics and international relations at Boston University.

"I have a great deal of respect for TOTSY's accomplishments to date and am eager to work with the team to help aggressively fuel the company's growth in the months and years to come," said Kennedy. "TOTSY is a fantastic organization and I'm honored to have the opportunity to lead its entry into the next stage of development."

"We have the utmost confidence in Lisa's abilities as a leader and corporate strategist. Her track record of success uniquely qualifies her to excel in her new role and carry on the mission of TOTSY's founders and investors. We look forward to working with her," stated Habib Kairouz, Managing Partner of Rho Ventures.

About TOTSY
Headquartered in New York, TOTSY is a privately held company dedicated to providing its members with access to essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices. Shopping events are designer-specific and held over a 72 hour period. Membership is free of charge and by invitation only. For more information, please visit www.TOTSY.com.

SOURCE TOTSY

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