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September 24, 2011 02:24 am GMT

Groupon Loses Second COOThis Year "  And Restates Revenue

screen-shot-2011-04-21-at-11-01-15-amGroupon has lost its second COO in six months.Back in March of this year, Rob Solomon, who joined the company in March 2010, announced that he would be leaving the company. A month later, Groupon hired former Google VP Margo Georgiadis to replace him.And today, just five months after she joined the executive team, Groupon is announcing that Georgiadis is leaving the company to re-join Google as President, Americas. Given that Groupon is currently in the process of going public, this doesn't seem to bode well for the company.In the blog post announcing the news, Groupon CEO Andrew Mason vaguely attributes the departure to the fact that Groupon added 8 members to its executive team since the beginning of the year, and says that it's rare for any company to "bat 1000%".

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/i7XUjMLdlMs/

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