Groupon welcomes Kedar Deshpande to its Board of Directors as CEO

– USA, IL –  Groupon, Inc. (NASDAQ: GRPN) today announced the appointment of Kedar Deshpande to its Board of Directors as CEO, effective Dec. 10, 2021, succeeding Interim CEO Aaron Cooper who will step down from his role and will ensure a smooth transition.

“We are excited to welcome Kedar as Groupon’s next CEO. Kedar has a strong track record of driving growth and operational excellence, and brings significant e-commerce leadership experience to Groupon. We believe these characteristics coupled with his passion for people and culture, will allow Kedar to successfully lead Groupon into its next chapter of growth,” said Board Chairman, Ted Leonsis.

About Kedar Deshpande

Kedar Deshpande spent the last 10 years at Zappos in roles of escalating responsibility, culminating with his appointment to CEO. In addition, he held several other senior leadership positions across Zappos’ Marketing, Product, Tech, and Service functions, including COO. Before Zappos, Kedar served as a Software Engineer for General Electric. Kedar completed his undergraduate degree in India at Dr. Babasaheb Ambedkar Marathwada University and received his MS in Computer Engineering from the University of Nevada Reno.

“Groupon is at a pivotal moment in its journey to become the destination for locals, and I am honored to take on this leadership role. Local experiences create memories and forge new connections that can last a lifetime, and as an at-scale local experiences marketplace, Groupon is very well-positioned to grow by connecting more and more consumers to local merchants around the world. The company has spent the last 18 months building a strong foundation for growth and I am excited to work alongside the Groupon team and the Board to drive progress and create value for all of our stakeholders,” commented Kedar Deshpande.

Before joining Groupon, Kedar Deshpande spent more than 10 years at Zappos in roles of escalating responsibility, culminating with his appointment to CEO of Zappos. In addition, he held several other senior leadership positions across Zappos’ Marketing, Product, Tech, and Service functions, including COO. Before Zappos, Kedar worked as a Software Engineer for General Electric. Kedar completed his undergraduate degree in India at Dr. Babasaheb Ambedkar Marathwada University and received his MS in Computer Engineering from the University of Nevada Reno.

About Groupon

Groupon is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For our customers, this means giving them an amazing selection of experiences at a great value. For our merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world.

For more information: https://www.groupon.com/

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