Andrew Mason, co-founder and CEO of Groupon, had been scheduled to give a talk called “The Future of Groupon and Local Commerce” at Business Insider’s Ignition conference today. The chat was cancelled, possibly because Mason’s own future at Groupon is uncertain.
AllThingsD’s Kara Swisher is reporting that the Groupon board is considering replacing the inexperienced CEO with a more experienced hand. The change will likely happen this week or not at all, Swisher reports.
Mason’s co-founders Eric Lefkofsky Brad Keywell want to see Mason take a more aggressive stand on the company’s turnaround efforts, Swisher’s anonymous sources said.
The company’s performance on the stock market since it went public a year ago has been disappointing. However, the company got a substantial vote of confidence when a hedge fund acquired nearly 10 percent of its stock, indicating that it expected the value to rise.
Earlier this month, the company filled its COO spot for the first time since its IPO with experienced industry hand Kal Raman.