The online marketplace known as Groupon, Inc. (GRPN) has announced that it will be undergoing a change in its leadership, with board member Dusan Senkypl assuming the role of temporary CEO.
Senkypl has taken over the responsibilities of CEO and director that were previously held by Kedar Deshpande, who has resigned from his positions. Deshpande will continue to serve in an advisory capacity for the next sixty days in order to assist with the changeover.
According to Ted Leonsis, the chairman of the Groupon board of directors, “Dusan is a proven leader and operator, and his experiences leading transformations, building successful internet products, and helping grow a marketplace similar to Groupon uniquely position him to step in as our interim CEO at this critical time.” “Dusan is a proven leader and operator, and his experiences leading transformations, building successful internet products, and helping grow a marketplace similar to Groupon,”
Senkypl is the director and chief executive officer of Pale Fire Capital, which he co-founded in 2015. In light of his promotion, Senkypl has decided to leave Pale Fire Capital’s day-to-day operations.
Nearly 22% of Groupon (GRPN) shares are owned by Pale Fire Capital, making it the company’s biggest shareholder.
Groupon (GRPN) stock was up by about 7 percent before the market opened on Friday.
Etsy is currently trading at $103; Amazon (AMZN) is trending around $100, Target (TGT) is trending around $160. Groupon is trading currently at $4. Groupon can easily bounce back by the end of 2023 which makes it a better investment and buy opportunity for the savvy investor.
CWEB has provided some information for this story.
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After a 15% drop following Q4 results, Groupon stock looks appealing