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KPE Taps New CEO

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NEW YORK -- A month after a fresh infusion of cash followed by a restructuring, troubled i-shop KPE has tapped Kevin Labick as its new CEO. Labick fills the spot vacated last month by KPE founder Marc Patricof, the company said Thursday.

Labick joins KPE from Mobilocity, a mobile commerce strategy firm where he had been since October 2000. As principal of the New York-based company, he led the development of industry-specific practice groups and oversaw operations.

Previously, Labick worked for Hearst New Media, Sports Illustrated and Neographic. In 1996, he founded Mercury Seven, an Internet strategy and development firm that he sold to Xceed in two years later.

In December, Second Frontier Capital, the VC arm of The Recognition Group, bought out two of KPE's investors, Clarion Capital and Wasserstein Ventures. Grey remains an investor. At the time, Kaleil Isaza Tuzman, partner at the Recognition Group, took on the role of chairman of KPE's board and interim CEO and commenced a restructuring that included renegotiating leases and reducing staff count.

"Kevin brings the right blend of business creation and operational experience to help transition KPE from its restructuring phase into a new era of growth and development," said Tuzman of the hire.