Groupon board forms search committee to find new CEO: executive

SAN FRANCISCO Wed May 8, 2013 5:47pm EDT

The Groupon smartphone app is displayed on a Motorola Droid Bionic cell phone in Denver November 4, 2011. REUTERS/Rick Wilking

The Groupon smartphone app is displayed on a Motorola Droid Bionic cell phone in Denver November 4, 2011.

Credit: Reuters/Rick Wilking

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SAN FRANCISCO (Reuters) - Groupon Inc's board of directors has formed a special committee that has begun a search for a new chief executive for the world's largest daily deal company, Ted Leonsis, interim co-CEO of the company, said on Wednesday.

Groupon's current leadership team is "gelling very very nicely," giving the search committee more time to find "the ideal long-term CEO," Leonsis added, during a conference call with analysts.

(Reporting by Alistair Barr)

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