Groupon Appoints Richard Merage of MIG to Serve as Board Advisor
Brings new shareholder perspective to Groupon Board of Directors
CHICAGO: Groupon has announced that it has entered into an agreement with MIG Capital where Richard Merage, Portfolio Manager and CEO of MIG, will serve as an advisor to the Groupon Board.
“MIG is a significant investor in Groupon and the broader e-commerce space, and we look forward to tapping Richard’s important shareholder perspective and insight as we continue to drive Groupon’s strategic direction and the large opportunity to unlock the financial potential of our marketplace,” said Ted Leonsis, chairman of Groupon’s nominating committee.
MIG has agreed to vote its shares in favor of the Board’s nominees at the 2020 annual meeting. MIG holds approximately 5 percent of Groupon common stock. Additional information about today’s announcement will be filed in a Current Report on Form 8-K with the Securities and Exchange Commission.
