March 23, 2011 / 1:47 AM / 8 years ago

UPDATE 1-Groupon president Solomon leaving company

* Solomon to remain an adviser to the company

* Solomon was also chief operating officer (Recasts with confirmation of Solomon leaving)

NEW YORK, March 22 (Reuters) - Groupon Inc’s president and chief operating officer Rob Solomon is stepping down from his position at the Internet company in the coming months, the company confirmed on Tuesday.

In a statement provided by the company, Groupon Chief Executive Officer Andrew Mason said Solomon would remain an adviser to the company.

“Rob has added enormous value to Groupon and we’ll miss having him around,” Mason said.

The Wall Street Journal earlier reported the news, citing an interview with Solomon.

According to the Journal article, Solomon said that he decided to step down partly because “Groupon got really big,” growing from 200 employees a year ago to some 6,000. Solomon said he reached his decision to leave in consultation with Mason, the article said. (Reporting by Lewis Krauskopf; editing by Carol Bishopric, Bernard Orr)

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