Thursday, August 4, 2011

SkinIt Rounds Out Exec Team After Private Equity Deal

San Diego-based SkinIt, the maker of protective "skins" for electronic devices, said today that it has expanded its leadership team. The firm--which is backed by ABS Capital Partners, said that Laura Christine is its EVP Consumer Group; Jennifer Jordan its VP of Finance; John P. O'Loughlin is VP Human Resources; Lewis Chang VP of E-Commerce and Marketing; Billy Crotty as SVP Global Operations; and Rick Foukes is VP Coatings Engineering. The firm's CEO is Bob King, who took charge of the firm in October of last year, shortly after a $60M funding from ABS Capital Partners and others. King had previously run Corporate Express, ramping that firm from $50M in revenues to $4.5 billion. As part of the funding from ABS Capital Partners, the firm's founder and CEO transitioned out of the firm, making way for a new executive team; based on the firm's executive changeups, it's likely that $60M funding was a recapitalization which provided liquidity to the founders and control to its new private equity investors, although the firm has not provided full details on that investment.