On January 17, 2018, Jay Sullivan notified Groupon, Inc. of his decision to resign as Chief Product Officer, effective immediately, in order to pursue new opportunities. Mr. Sullivan's resignation is unrelated to any disagreement with the Company. Moving forward, the Company's Product Management teams will report to Steve Krenzer, its Chief Operating Officer. Accordingly, Mr. Krenzer will assume Mr. Sullivan's responsibilities on an interim basis until the Company appoints a permanent replacement.
Groupon, Inc. is a scaled two-sided marketplace that connects consumers to merchants. The Companyâs marketplace is accessible through its mobile applications and its websites, which are primarily localized groupon.com sites in 13 countries. It has two segments, North America and International, and in three categories, Local, Goods and Travel. Local category includes services from local and national merchants, and other local and national merchants, including things to do, beauty and wellness and dining, as well as other services. Goods category includes merchandise across multiple product lines, such as electronics, sporting goods, jewelry, toys, household items and apparel. Travel category features travel experiences at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. The customer can contact the merchant directly to make a travel reservation after purchasing a travel voucher from the Company.
GROUPON, INC. 
