Groupon said yesterday that Kal Raman has been named as the chief operating officer. Mr. Raman was previously the senior vice president of global sales and operations. Mr. Raman joined Groupon this past April and will fill in an executive role that has been vacant since September 2011. Groupon had hired Margo Georgiadis from Google as COO last year. She resigned from that position five months later and re-joined Google as the president of the Americas.
This is Mr. Raman’s second promotion since he was hired by Groupon. He joined Groupon as the SVP of the Americans and became the SVP of global sales and operations in August in order to focus on the company’s international efforts. Groupon is especially struggling in Europe. The company reported a disappointing third quarter earnings last week.
“We are already seeing progress in Europe and Kal will be instrumental in leading our company,” stated Groupon CEO Andrew Mason yesterday. Mr. Raman was previously an executive at both Amazon and eBay. He was the CEO of drugstore.com and GlobalScholar in the past.