Groupon replaces CEO Andrew Mason, looks for new chief
SAN FRANCISCO Feb 28 (Reuters) - Groupon Inc replaced CEO Andrew Mason at the helm on Thursday, a day after posting a dismal set of quarterly results, and appointed co-founder Eric Lefkofsky and board member Ted Leonsis as interim chief executives.
The daily deals company said it has begun a search for a new CEO.
Shares in the company leapt 8 percent to $4.90 in after-hours trade, from a close of $4.53 on the Nasdaq.
- Israel warns of long Gaza war as Palestinian fighters cross border |
- Court orders Russia to pay $50 billion for seizing Yukos assets |
- West agrees wider Russia sanctions as Kiev says forces near crash site
- Man found dead trapped between elevator and shaft wall in NYC
- Huge blaze out of control in Tripoli battle as Libya slides into chaos |