Tim O'Shaughnessy will become president of Graham Holdings Co. on Nov. 3.

He's co-founder and former CEO of LivingSocial, which grew into a $2B e-commerce/marketing company, and husband of Laura Graham, daughter of Graham CEO Don Graham.

His job will be to oversee Graham's investments and acquisitions and devise overall strategy for the company.

CEO Graham said the new hire "will be central to the future of our company."

O'Shaughnessy stepped down from Living Social after a seven-year stint.

Graham Holdings is "a difference maker in many people's lives, according to O'Shaughnessy, who added: "Its brand and its importance in the community, its treatment of employees, shareholders and customers have all been something people have been able to look at with admiration and strive towards for decades."

O'Shaughnessy, 32, began his career at AOL. He moved to Revolution Health, where he rose to VP-product development and developed a series of apps for Facebook.

Currently, he is CEO of SocialCode, a social marketing tech company that is part of Graham Holdings, owner of TV stations, Cable ONE, Slate Group, Foreign Policy, Celtic Healthcare and Kaplan education business.