Groupon on Wednesday said that its chief financial officer, Jason Child, would step down next month “to relocate to the West Coast” from the company’s Chicago headquarters.
The new gig? Finance chief at Jawbone, according to Re/Code. Child had been at Groupon since 2010. Bryan Kayman, Groupon’s vice president of tax and treasury, will serve in the interim.
Groupon also named Rich Williams, president of its North American division, as chief operating officer. The promotion adds the company’s international markets to Williams’ portfolio. He joined the company in 2011.
It’s been a year of struggle for Groupon (GRPN), the daily-deals company that grew into a more fully featured online commerce company. It disappointed in its most recent quarter with revenue of $750 million, falling short of expectations of about $800 million. Since that day, it’s been nothing but a slide on the stock front.
The $4 billion company still makes quite a bit of money, despite its rapid ascent and seeming decline—see “Let’s stop laughing at Groupon”—but its lack of fast-growing anything in recent years offers support to the argument that maybe it’s not so great after all. Groupon parted ways with founder and CEO Andrew Mason in February 2013 in a bid to mature as a company; that effort continues, but it’s a slog.
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