Groupon hires new CFO from Amazon

City A.M. Reporter
GROUPON has brought in a former Amazon executive as its new chief financial officer, the discount coupon provider said yesterday.

Jason Child, a former vice president of finance for Amazon’s international business, took on the new role with Groupon yesterday.

Groupon turned down a $6bn (£3.86bn) buyout offer from Google earlier this month.

The Chicago-based company’s viral couponing concept has been a hit, with annual revenue said to range from $500m to $2bn. It sends members daily e-mails with a variety of discounts. The deals are activated when a minimum number of people agree to make a purchase.

Child spent 12 years at Amazon after seven years at Arthur Andersen.