Groupon promotes an executive as another leaves
June 3, 2015 02:22 PM
One Groupon executive has earned a promotion while another has exited, the online retailer announced today.
The daily deal operator promoted current president of North America Rich Williams to chief operating officer, a role he will assume while continuing in his current position.
Amazon.com Inc. veteran Williams joined Groupon in 2011 as the company’s chief marketing officer. Groupon credits him with helping to spur the retailer’s growth on mobile. Groupon said 110 million consumers have downloaded its mobile apps as of the fourth quarter of 2014.
“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,” Groupon CEO Eric Lefkofsky says.
Groupon Goods, No. 30 in the Internet Retailer 2015 Top 500 Guide, posted sales growth of 257% over the past three years, to $1.564 billion in 2014 from $438.5 million in 2012.
Chief financial officer Jason Child has left Groupon to pursue unspecified opportunities, with current vice president of tax and treasury Brian Kayman assuming Child's duties on an interim basis.