Groupon Adds Valerie Mosley and Helen Vaid to Board of Directors; Announces Melissa Thomas as Chief Financial Officer
February 18 2020 - 4:11PM
Business Wire
Groupon (NASDAQ: GRPN) today announced that Valerie Mosley,
Chairwoman and CEO of Valmo Ventures, LLC, and Helen Vaid, Global
Chief Customer Officer for Pizza Hut, have been appointed to the
Board of Directors, effective April 6.
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Groupon announced that interim Chief
Financial Officer Melissa Thomas will assume the role on a
permanent basis, effective immediately. (Photo: Business Wire)
The company also announced that interim Chief Financial Officer
Melissa Thomas will assume the role on a permanent basis, effective
immediately.
“Both Valerie and Helen are accomplished executives who bring
valuable perspective and will help us accelerate our strategy,”
said Ted Leonsis, chairman of Groupon’s nominating committee.
“Valerie brings extensive expertise as an investor, and Helen has
significant digital experience with some of the world’s largest
companies. We look forward to working with these two new
independent directors.”
Mosley is the Chairwoman and CEO of Valmo Ventures, LLC, a
Massachusetts-based advisory and investment firm she founded in
2012. Previously, she served as Senior Vice President, Portfolio
Manager and Partner at Wellington Management Company, as well as in
other investment and banking roles.
Vaid currently serves as Global Chief Customer Officer for Pizza
Hut, a subsidiary of Yum! Brands, Inc., where she is responsible
for leading the company’s digital and in-restaurant customer
experience efforts, as well as the brand’s e-commerce technology
and operations business outside the U.S. Prior to joining Pizza Hut
in 2016, Vaid served in technology-focused executive roles at
Wal-Mart and Hewlett-Packard.
The additions bring Groupon’s Board to 10 members, nine of whom
are independent. Mosley and Vaid will be independent directors and
will stand for re-election at Groupon’s next Annual Meeting of
Stockholders.
Thomas joined Groupon in 2017 as vice president of Commercial
Finance and currently also serves as Chief Accounting Officer and
Treasurer. Previously, she was vice president of Finance at
Surgical Care Affiliates and spent nearly nine years at Orbitz
Worldwide in a variety of positions including vice president of
Finance. She has served as interim CFO since August 2019.
“I am thrilled that Melissa will continue to lend her leadership
and expertise to our global Finance function,” said CEO Rich
Williams. “She’s already made a tangible impact in the role, and
the rest of the senior management team and the Board of Directors
look forward to continuing to work with her.”
About Groupon
Groupon (www.groupon.com) (NASDAQ: GRPN) is a local experiences
marketplace that brings people more ways to get the most out of
their city or wherever they may be. By enabling real-time mobile
commerce across local businesses, live events and travel
destinations, Groupon helps people find and discover
experiences––big and small, new and familiar––that make for a full,
fun and rewarding life. Groupon helps local businesses grow and
strengthen customer relationships––resulting in strong, vibrant
communities. To learn more about Groupon’s community-building
efforts, please visit community.groupon.com.
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and
expectations for the next quarter, the full year or the future are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding our future results of operations and financial position,
business strategy and plans and our objectives for future
operations. The words "may," "will," "should," "could," "expect,"
"anticipate," "believe," "estimate," "intend," "continue" and other
similar expressions are intended to identify forward-looking
statements. We have based these forward looking statements largely
on current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy, short-term and
long-term business operations and objectives, and financial needs.
These forward-looking statements involve risks and uncertainties
that could cause our actual results to differ materially from those
expressed or implied in our forward-looking statements. Such risks
and uncertainties include, but are not limited to, our ability to
execute, and achieve the expected benefits of our go-forward
strategy, including our planned exit from the Goods business;
volatility in our operating results; execution of our marketing
strategies; retaining existing customers and adding new customers;
challenges arising from our international operations, including
fluctuations in currency exchange rates, legal and regulatory
developments and any potential adverse impact from the United
Kingdom's exit from the European Union, retaining and adding high
quality merchants; our reliance on email, internet search engines
and mobile application marketplaces to drive traffic to our
marketplace; cybersecurity breaches; reliance on cloud-based
computing platforms; competing successfully in our industry;
providing a strong mobile experience for our customers; maintaining
and improving our information technology infrastructure; our
voucherless offerings; claims related to product and service
offerings; managing inventory and order fulfillment risks;
litigation; managing refund risks; retaining and attracting members
of our executive team; completing and realizing the anticipated
benefits from acquisitions, dispositions, joint ventures and
strategic investments; lack of control over minority investments;
compliance with domestic and foreign laws and regulations,
including the CARD Act, GDPR and regulation of the Internet and
e-commerce; classification of our independent contractors or
employees; tax liabilities; tax legislation; protecting our
intellectual property; maintaining a strong brand; customer and
merchant fraud; payment-related risks; our ability to raise capital
if necessary and our outstanding indebtedness; global economic
uncertainty; our common stock, including volatility in our stock
price; our convertible senior notes; and our ability to realize the
anticipated benefits from the hedge and warrant transactions. For
additional information regarding these and other risks and
uncertainties, we urge you to refer to the factors included under
the headings "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
company's Annual Report on Form 10-K for the year ended December
31, 2019, and our other filings with the Securities and Exchange
Commission, copies of which may be obtained by visiting the
company's Investor Relations web site at investor.groupon.com or
the SEC's web site at www.sec.gov. Groupon's actual results could
differ materially from those predicted or implied and reported
results should not be considered an indication of future
performance. You should not rely upon forward-looking statements as
predictions of future events. Although Groupon believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee that the future results, levels of
activity, performance or events and circumstances reflected in the
forward-looking statements will be achieved or occur. Moreover,
neither Groupon nor any other person assumes responsibility for the
accuracy and completeness of the forward-looking statements. The
forward-looking statements reflect our expectations as of the date
of this release. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this
release to conform these statements to actual results or to changes
in our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218006078/en/
Media Contact: Bill Roberts, 312-459-5191 billr@groupon.com
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