VP Departure Offers More Evidence That Groupon Is Dumping Goods
After just a year as the head of Groupon Goods, Faisal Masud is leaving the company to lead global e-commerce at office supply retailer Staples.
After just a year as the head of Groupon’s Goods division, Faisal Masud is leaving the company to lead global e-commerce at office supply retailer Staples.
Kal Raman, Groupon’s COO, will manage the role for the time being, a spokesperson told SocialTimes.
Masud’s departure adds to subtle signals coming out of Groupon on the wake of founder and CEO Andrew Mason’s March departure. Under Mason, the company seemed to be investing in Goods, a discounted electronics platform, as a means of recovering from the failure of the daily deals model that first defined the company.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in