Dive Summary:
- Faisal Masud, head of Groupon retail, will resign from the company after one year of holding the position for the online discount deals leader.
- Masud will head the development of retail ecommerce for Staples office supply beginning May 20th, according to a statement released by the company.
- Groupon recently dismissed CEO and co-founder Andrew Mason in February of 2013 after disappointing results had cost the company 75% of its market value.
From the article:
Faisal Masud joined Groupon in 2012 from eBay to oversee "Groupon Goods," intended to compete more directly with eBay and Amazon. Effective May 20, he will lead development of e-commerce for Staples, the office-supplies retail chain said in a statement on Tuesday.
