Groupon’s CEO, Chief Operating Officer Both Step Down

Must Read

Census Push Goes Digital as Nonprofits, States Urge Participation

Fair Count was partway through a 60-county bus tour across Georgia to urge participation in the U.S. Census when...

Read Black Clover Manga 244, Spoilers Date, Chapter 244

Read Black Clover Manga 244 spoilers date will reveal to us progressively about the battle and who precisely Asta's...

Google is launching Pixel 5 Phone, Chromecast and a smart speaker

Google is set up to release the Pixel 5 phone, a smart speaker, and Chromecast, during its annual hardware...

iPhone SE 2: Here is a quick guide to buy the new iPhone

The iPhone SE 2 is presently accessible. On the off chance that you were considering getting one, or are...

Best Nike Running Shoes For Men & Women under $100

Best Nike Running Shoes For Men & Women: Get the new collection of Nike Running Shoes under $100. Nike is...




Chicago-based Groupon connects consumers with local merchants by offering discounts.

Photo: Andrew Harrer/Bloomberg NEWS

Groupon Inc. GRPN 14.11% said its chief executive and chief operating officer have relinquished their roles, effective immediately.

Rich Williams stepped down as CEO and board member and Steve Krenzer as chief operating officer on Wednesday, but both remain employed by the company, Groupon said.

“The terms of Mr. Williams’ and Mr. Krenzer’s separations will be disclosed as available and required,” the company said.

Aaron Cooper, a company insider who most recently served as Groupon president for North America, has taken over as chief executive while the company searches for a permanent CEO.

Groupon didn’t comment on the reason for the executive changes nor on the capacity in which Messrs. Williams and Krenzer remained employed. It also didn’t address the now-vacated position of chief operating officer.

A company representative couldn’t immediately be reached for comment.

The Chicago-based company connects consumers with local merchants by offering discounts on various goods, services and activities.

“Having spent 10 years with Groupon, I have seen the company develop from a small email-based platform into what we believe will be the leading online destination for experiences,” Mr. Cooper said in a statement. “We have a strong team in place that is in constant communication with our community, working on opportunities to support them in new ways during these uncertain times, even as we continue to focus on strengthening Groupon’s leadership position.”

Write to Maria Armental at maria.armental@wsj.com

Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Join Wall Street Journal For Just $1
Credit: WSJ.com



------ Search with Google ------
- Advertisement -

Popular

Streets of Rage 4 is coming out in 2020, April 30,

Streets of Rage 4, the principal new Streets of Rage to go along in over 25 years (blessed cow), is a "retro recovery done...

NBA HORSE Challenge: Jazz’s Mike Conley defeats Bulls’ Zach LaVine

NBA HORSE Challenge Mike Conley dug into his bag of trick shots. At some points, the Utah Jazz point guard, normally a lefty, used his right...

More Articles Like This

- Advertisement -
Learn to create professional videos and have fun in the process of creating videos.
Video Review And Collaboration.
Get Started