|Management changes at Groupon:|
Groupon names new COO, says CFO will leave company
June 3, 2015
Groupon named a new chief operating officer from inside the company Wednesday and announced the departure of its chief financial officer.
Rich Williams, president of North America, remains in that role while adding the COO title, the company said in a news release. CFO Jason Child will leave the company at the end of July and relocate to the West Coast.
Brian Kayman, vice president of tax and treasury for the Chicago-based ecommerce company, will serve as interim CFO.
Re/code reports that Child will join San Francisco-based Jawbone, maker of activity trackers and other wireless products.
Groupon also announced a $200 million increase to its previously announced $300 million share repurchase program. Its guidance for the second quarter and full year 2015 were unchanged.
The COO post has been open since August 2014, when Kal Raman was reassigned to oversee Groupon's Asia-Pacific business. In November 2014, Raman resigned as CEO of that business to become CEO of Solutionstar, a Lewisville, Texas-based real estate technology company.
Groupon stock dipped 4.22 percent in premarking trading, to $5.78