Groupon CFO to Depart Company in July

Features Reuters

Groupon Inc. said Wednesday that its finance chief plans to step down next month to relocate to the West Coast, while the online marketplace company also appointed an operations chief.

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Chief Financial Officer Jason Child will leave the company at the end of July. Brian Kayman, vice president of tax and treasury, will assume the role in the interim.

Rich Williams, president of Groupon's North America division, will become operations chief. Mr. Williams joined Groupon in 2011 as chief marketing officer after working at companies like Amazon.com Inc.

Groupon also said it has added $200 million to its $300 million share repurchase program.