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Groupon’s CEO, Chief Operating Officer Both Step Down

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Groupon’s CEO, Chief Operating Officer Both Step Down

Groupon Inc. said its chief executive and chief operating officer have relinquished their roles, effective immediately.

Rich Williams stepped down as CEO and board member and Steve Krenzer as chief operating officer on Wednesday, but both remain employed by the company, Groupon said.

“The terms of Mr. Williams’ and Mr. Krenzer’s separations…

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