Lot18, Jay Sung Becomes CEO

New York-based Lot18, a provider of expert-selected wines from around the world, has named Jay Sung as its Chief Executive Officer.

Sung, who joined the company in April 2012 as Chief Marketing Officer, had previously been the President of Adaptive Marketing, and CMO of ConsumerInfo.com, the parent company of FreeCreditReport.com.

In addition, Olly Garland, the former CEO of Direct Wines, has joined Lot18’s board of directors after several months working as an advisor to the company.

Founded in October 2010 by Philip James, Lot18 has raised $45m in venture financing from FirstMark Capital, New Enterprise Associates and Accel Partners.



Related News:
04/11/2011: Lot18 Raises $30M in Series C Funding
24/08/2011: Lot18 Receives Funding from Marc Lore and Vinit Bharara
03/05/2011: Lot18 Completes $10m Series B financing

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