


Our vision is to become the ultimate destination for local services and experiences, a marketplace where trust and value are core to our consumer and merchant value propositions. From my perspective, Groupon has a clear target environment where the business can compete and win. Senkypl added, "After the January restructuring announcement and with the recent amendment to our credit facility, the company has a solid financial foundation to support our transformation this year. I have built multiple businesses from the ground up that operated at scale with hundreds of millions of users, and I believe I know what we need to do at Groupon to take the company to the next level." I am excited to build on that foundation to further scale the company’s marketplace and drive increased value for all stakeholders. "With unique local inventory, over 14 million active local customers and millions of visitor sessions per month, Groupon has valuable assets capable of fueling significant growth when paired with operational excellence. "I have a deep appreciation for the dedication that has gone into building this company and am honored to guide Groupon through its transformation and turnaround," said Mr. We are very excited to see the progress the company can make this year with Dusan as interim CEO." The Board is focused on accelerating Groupon’s transformation and we are confident that Dusan can help us reach this important goal. Given this, we believe that he will seamlessly transition into this new leadership role and help the company execute against and continue to refine the supply-led transformation strategy we announced during our fourth quarter earnings call. "Since he joined the Board, Dusan has been very engaged as a director, providing important oversight on Groupon’s strategy and strengths and helping the company identify areas in need of improvement. "Dusan is a proven leader and operator and his experiences leading transformations, building successful internet products and helping grow a marketplace similar to Groupon uniquely position him to step in as our interim CEO at this critical time," said Ted Leonsis, Chairman of the Groupon Board of Directors. Dusan Senkypl, co-founder of Pale Fire Capital and a member of the Groupon Board of Directors, has been appointed to the role of Groupon's interim Chief Executive Officer, effective immediately.
