Daniel Henry, CFO of American Express, and Robert Bass, Vice Chair of
Groupon, Inc. (http://www.groupon.com)
(NASDAQ:GRPN) today announced that Daniel Henry, the chief financial
officer of American Express Company and Robert Bass, a vice chairman of
Deloitte LLP will join its Board of Directors. Both will serve on the
Audit Committee with Audit Chair, Ted Leonsis. Daniel Henry was
appointed to the Board on April 26, replacing Howard Schultz, who has
stepped down from the Board. Robert Bass will stand for election at the
annual stockholder meeting to be held on June 19 following his
retirement from Deloitte, replacing Kevin Efrusy, who will not stand for
reelection at that time. "With their deep financial, accounting and
operational experience, Dan and Bob will provide invaluable expertise to
the Board going forward," said Eric Lefkofsky, Groupon Chairman.
Daniel Henry, 62, has been the Chief Financial Officer of American
Express Company since October 2007. Henry is responsible for leading
American Express Company's finance organization and representing
American Express to investors, lenders and rating agencies. He has also
served as Executive Vice President and Chief Financial Officer of U.S.
Consumer, Small Business and Merchant Services and joined American
Express as Comptroller in 1990. Prior to joining American Express, Henry
was a partner with Ernst & Young.
Robert Bass, 62, has been a vice chairman of Deloitte LLP since 2006,
and a partner in Deloitte since 1982. He will retire from Deloitte on
June 2, 2012. Bass has specialized in e-commerce, mergers and
acquisitions and SEC filings. At Deloitte, Bass is responsible for all
services provided to Forstmann Little and its portfolio companies and is
the advisory partner for Blackstone, DIRECTV, McKesson, IMG and CSC. He
has also previously been the advisory partner for priceline.com, RR
Donnelley, Automatic Data Processing, Community Health Systems and Avis
Budget. He is a member of the American Institute of Certified Public
Accountants and the New York and Connecticut State Societies of
Certified Public Accountants.
"I'm thrilled to have been a part of Groupon's development," said Kevin
Efrusy. "The Company is well on its way to becoming the operating system
for all local commerce."
"Howard and Kevin helped guide us on our journey to becoming a public
company and I want to thank them and acknowledge their contributions,"
said Groupon CEO Andrew Mason.
"During my tenure on the Board, I was impressed by the game-changing
opportunities that Groupon has delivered for both merchants and
customers on a global scale," said Howard Schultz. "Groupon has a strong
sense of mission and purpose, and as I move on to focus on my other time
commitments, I wish them the very best."
Additional Information and Where To Find It
This document may be deemed to be solicitation material in respect of
the solicitation of proxies from stockholders for Groupon's 2012 annual
meeting of stockholders ("2012 Annual Meeting"). Groupon intends to file
with the SEC and make available to the stockholders of Groupon of record
on April 30, 2012 a proxy statement containing important information
about director elections and certain other matters to be considered by
the stockholders of Groupon at its 2012 Annual Meeting. BEFORE MAKING
ANY VOTING DECISION, GROUPON'S STOCKHOLDERS ARE URGED TO READ THE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN IT
BECOMES AVAILABLE CAREFULLY AND IN ITS ENTIRETY BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION ABOUT DIRECTOR ELECTIONS AND CERTAIN OTHER MATTERS
TO BE CONSIDERED AT THE 2012 ANNUAL MEETING. Investors will be able to
obtain the proxy statement and other relevant materials, when available,
free of charge at the SEC's website (www.sec.gov).
In addition, documents filed with the SEC by Groupon, including the
proxy statement when available, and the Annual Report on Form 10-K for
the year ended Dec. 31, 2011, will be able free of charge on the
company's Investor Relations web site at http://investor.groupon.com.
Groupon, launched in November 2008 in Chicago, features a daily deal on
the best stuff to do, eat, see and buy in 48 countries around the world.
Groupon uses collective buying power to offer huge discounts and provide
a win-win for business and consumers, delivering more than 1,000 daily
deals globally. To subscribe for the best deals in your city, visit http://www.groupon.com.
To learn how to become a featured business, visit http://www.grouponworks.com.
This announcement contains forward-looking statements that involve risks
and uncertainties, and actual results could differ materially from those
discussed. Factors that could cause or contribute to such differences
include, but are not limited to, the factors included under the headings
"Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the company's Annual Report on
Form 10-K for the year ended Dec. 31, 2011, filed with the Securities
and Exchange Commission, copies of which may be obtained by visiting the
company's Investor Relations web site at http://investor.groupon.com
or the SEC's web site at www.sec.gov.
You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of the forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this press
release to conform these statements to actual results or to changes in
Julie Mossler, 312-242-2033
Aman Battish, 415-671-7679
Source: Groupon, Inc.
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