Groupon board forms search committee to

May 12 [Sun], 2013, 7:49
SAN FRANCISCO (Reuters) - Groupon Inc's board of directors has formed a special committee that has begun a search for a new chief executive for the world's largest daily deal company, Ted Leonsis, interim co-CEO of the company, said on Wednesday.

Groupon's current leadership team is "gelling very very nicely," giving the search committee more time to find "the ideal long-term CEO," Leonsis added, during a conference call with analysts.

(Reporting by Alistair Barr)