- Groupon Inc (NASDAQ:GRPN) announced the transition of CFO today.
- The company announced the appointment of Jiri Ponrt as the new Chief Financial Officer, who will succeed Damien Schmitz.
- “A key part of his role will be to significantly improve internal processes, controls and financial reporting. Beyond his financial credentials, Jiri has the necessary leadership and communication skills to translate detailed information into clear, concise and accessible messaging, a vital skill as we look to unlock Groupon’s full potential and super-charge our transformation.” stated Dusan Senkypl, Interim CEO.
- Ponrt is joining Groupon from Pale Fire Capital, which is Groupon’s largest shareholder and holds nearly 22% of outstanding shares.
- Last month, the company named the co-founder of Pale Fire Capital, Dusan Senkypl, as its Interim CEO.
- Price Action: GRPN shares traded higher by 2.55% at $3.82 on the last check Thursday.
Investor Optimism Improves Further After US Stocks Notch Weekly Gains
The CNN Money Fear and Greed index showed further improvement in the overall sentiment among US investors.
US stocks closed higher on Friday following the release of earnings from big banks. The S&P and Nasdaq both recorded their second straight positive week, with the tech-laden Nasdaq climbing around 4.8% during the week.
