John Bax will step down this month as chief financial officer of LivingSocial Inc., leaving a role he’s held since 2010. Dan Federico, LivingSocial’s treasurer and vice president of finance, has been tapped to replace the outgoing CFO.

Bax has commuted to D.C. for years from Oklahoma, and plans to move with his family to Scottsdale, Arizona, after he leaves LivingSocial. In an interview Monday afternoon, he said he will to take on a new venture in “in a consumer product field” unrelated to (and…