Groupon Replaces Top Executives After Turnaround Plan Falters
This article is for subscribers only.
Groupon Inc. removed its chief executive officer and chief operating officer, replacing them with an interim CEO, as the online discount provider struggles to pull out of a slump worsened by the coronavirus pandemic.
Aaron Cooper, Groupon’s North American president, will be the interim leader while the board searches for a permanent CEO, the company said on Wednesday. The previous CEO, Rich Williams, and the operating chief, Steve Krenzer, will remain employees of the company.