Groupon Hires Google Executive As COO

Online daily deals service Groupon has hired a former high ranking Google executive as its new chief operating officer.

Margo Georgiadis, previously the vice president of global sales operations at Google, will be joining the company has the new COO responsible for managing and expanding the Groupon’s global sales, marketing and operations.

“Margo is a strong leader with a passion for helping small business owners and consumers,” said Andrew Mason, CEO of Groupon. “We’re thrilled to have her on our team.”

Groupon, which was been named one of the fastest growing companies in the US, is currently planning for an initial public offering after raising around $950 million in funding from Andreessen Horowitz, Battery Ventures, Greylock Partners and Kleiner Perkins Caufield & Byers

The new appointment comes as Google began rolling out its own rival to Groupon, called Google Offers, offering users deals set-up by local businesses. Google said that businesses will be able to exploit Google’s hold on the local search market to boost sales and increase customer footfalls in their stores.

Google, which had earlier offered around $6 billion to buy Groupon, said that Google Offers will allow customers ‘to get great deals delivered right to their inboxes’.