Feeds

Yet another exec dashes out Groupon's door

Voucher bazaar reported to have lost EMEA chief as it struggles in Europe

Providing a secure and efficient Helpdesk

Groupon has lost yet another top executive, this time the chief of its international business, as its weensy second quarter profit fails to impress investors.

According to an internal memo seen by Reuters, Veit Dengler is on his way out, while Chris Muhr, SVP of sales, will take over Europe, Middle East and Africa for the voucher bazaar.

Groupon would not confirm Dengler's departure when El Reg contacted it, but the coupon site did reveal Muhr's appointment, sending us this canned quote: "After nearly three years with Groupon on both Europe and the US and MyCityDeal before that, I'm excited about this next opportunity to lead our EMEA business," said Chris Muhr, SVP and GM, EMEA. "My main priorities right now are the successful rollout of our new technologies in EMEA and giving our customers the very best experiences through outstanding offers and service."

Dengler adds to a number of senior execs who've left Groupon in the last few months, including US sales boss Lee Brown.

Groupon made its first ever profit in the second quarter, bagging $28.4m, but analysts were expecting much more than the revenues recorded, which were $568.3 rather than the $573m that the market expected.

The coupon company blamed that old chestnut, the weak European economy, for its poor profit, but that hasn't saved its share price from falling even further since the results announcement, sliding 37 per cent in that time to $4.78.

"We've made great progress in the last few months, but we still have a lot of work to do, particularly in Europe," Groupon's operations chief Kal Raman said in the internal memo.

"While our challenges in Europe are no secret, after spending two weeks there, I am energised by the great team and clear opportunities to improve," he added. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.