E-commerce marketplace Groupon (NASDAQ:GRPN) has announced a change in management, with board member Dusan Senkypl to take over as interim CEO, effective immediately.
Senkypl succeeds Kedar Deshpande who stepped down as CEO and director, and will serve as an advisor for 60 days to aid transition.
“Dusan is a proven leader and operator and his experiences leading transformations, building successful internet products and helping grow a marketplace similar to Groupon uniquely position him to step in as our interim CEO at this critical time,” said Ted Leonsis, chairman of the Groupon board of directors.
Senkypl co-founded Pale Fire Capital in 2015, where he serves as chairman and CEO. In conjunction with his appointment, Senkypl will be stepping down from day-to-day responsibilities at Pale Fire Capital.
Pale Fire Capital is Groupon’s (GRPN) largest shareholder that holds nearly 22% of shares outstanding.
Shares of Groupon (GRPN) gained around 7% premarket on Friday