Groupon names COO, CFO steps down

Groupon named Rich Williams COO of its global businesses and operations. Currently, Williams serves as president of Groupon's North America business and will retain that responsibility as well. He has two decades of marketing and leadership experience, namely leading extensive online marketing programs using analytics and relevant technology.  

"Rich has been integral in steering our North American local business to three consecutive quarters of double-digit growth and helping to lead Groupon's transformation to a mobile commerce marketplace," said Groupon CEO Eric Lefkofsky. "As North America continues to be the leading edge of our tools, systems and processes, Rich is perfectly positioned to bring that operational leverage to our international markets."

Williams started at Groupon as CMO in 2011 and previously held leadership positions at Amazon and Experian.

"Two of Groupon's biggest advantages are our connection to local merchants and customers and our strong operational team around the globe," Williams said. "I look forward to continuing the progress we've made and bringing the advantages that have helped scale our North American business to our global operations."

Groupon also announced the departure of CFO Jason Child, who is stepping down in July and relocating to the West Coast.

"Jason has done a tremendous job of helping lead Groupon through one of the most explosive periods of growth any company has ever experienced," Lefkofsky said. "We wish him the very best in his next venture."

Pending the board's selection of a new CFO, VP of Tax and Treasury Brian Kayman will serve as interim CFO. Brian Stevens, chief accounting officer, will remain responsible for accounting and financial reporting. Press Release