The firm serves over 450 employers.
BOSTON -- 2020 On-site, a provider of on-site vision care for businesses and schools, serving over 450 employers, announced the appointment of Alexis McLaughlin as its CEO.
The company also announced the closing of a $5 million funding round.
“This is an exciting time to be joining the talented team at 2020, as we work to strengthen our foundation, all with an eye on leveraging opportunities to drive value from this industry-leading, one-of-a-kind platform,” said McLaughlin, who will also join 2020’s board of directors.
Most recently, McLaughlin was senior vice president/general manager of retail licensed brands at Luxottica Retail, where she was responsible for $500 million in revenue across 1,000 stores in North America. In her role, McLaughlin led the systematic growth of Target Optical and the strategic optimization of Sears Optical.
Prior to Luxottica Retail, she oversaw new product innovation and commercialization at Pepperidge Farms and held senior leadership positions in brand management and new product development at General Mills.
“We are delighted to have such a talented and experienced executive as Alexis joining 2020,” said Anthony Morris, chairman of the board. “Alexis’s proven track record of strategic growth and innovation makes her an ideal fit as we realize our future potential in the marketplace.”
Former CEO and company founder Howard Bornstein will continue to serve on the board. Morris thanked Bornstein on behalf of 2020 and its board for “founding 2020, making us the industry-leading platform and for his contributions and leadership during the formative period in our history.”
“I am incredibly excited for Alexis to lead 2020 in the next stage of our growth and expansion,” Bornstein said. “She shares our passion for growth and her strategic insight and ability to execute will be instrumental as we accelerate our growth.”
2020 also announced the closing of its Series B Financing in June 2018, led by Morningside Ventures, with over $5 million in new capital to accelerate growth.
And in another milestone, on Aug. 15, Inc. Magazine ranked 2020 as No. 211 on the 2018 Inc. 5000, a compilation of the 5,000 fastest growing companies in the U.S. based on revenue growth over the past three years. 2020 also ranked No. 17 nationally for healthcare, No. 3 in Massachusetts overall and No. 1 in Massachusetts for healthcare.