Mike Randolfi—CFO and the executive sponsor of Groupon for Latinos—talks about the excitement of working in the e-commerce industry and how he pays it forward outside of Groupon.
What’s your favorite Groupon memory?
Going to NASDAQ and watching the excitement from merchants as we rang the bell!
How does your work impact Groupon’s mission of building the daily habit in local commerce?
As part of the role of CFO, I am involved in the investment decisions we make as a company. This involves making sure key initiatives such as Groupon+, BeautyNow, building supply, and supporting our marketing have the necessary investments which are required to create a more enriching customer experience and thus supports making Groupon a daily habit.
Tell us about what you do!
As Chief Finance Officer, my role is to lead the Finance Team at Groupon which includes financial planning, accounting, tax, corporate development, procurement and investor relations. In this role, I have the opportunity to see the great work people do across the company which may involve cool new product enhancements, marketing campaigns or business developments. I really get a cross-section of interaction with business leaders and people throughout the company which I love.
Who inspires you?
The team overall. I am amazed every day by the incredible people that make up Groupon. I see an inspired group of people across the company who want to offer great experiences to both customers on our site/app and merchants. I see our team always striving.
What was your first impression of Groupon?
It is fun and dynamic…the work environment is great and we operate in an innovative space where our business continues to change and evolve. I knew from the moment I walked in the door working at Groupon would be awesome!
Where were you prior to joining Groupon?
Prior to Groupon, I worked at Orbitz Worldwide as CFO and prior to that, I worked at Delta Air Lines for 14 years in various finance roles.
What are you most proud of in your time here so far?
For me, I am most proud of building a great Finance team that partners with business leaders. These deep relationships are critical to ensuring that we as a company are able to focus our investments toward that which will have the most impact.
So what makes Groupon unique compared to other companies you’ve worked for?
Our business is always changing and evolving. E-commerce is dynamic!
You’re the executive sponsor of Groupon for Latinos, our employee resource group focused on empowerment and networking for Latino and Hispanic employees as well as their allies. Talk about what leading this ERG means to you and how it reflects our values.
First, I am passionate about Groupon building a diverse and inclusive work environment that reflects the customer and merchant base we aspire to have. Also, I think Groupon for Latinos has a great mission, which not only focuses on recruiting great talent but also supporting the development of our marketplace with an emphasis on reaching out to great Hispanic and Latino-based businesses. This makes our offerings richer for our customers and helps support great small businesses. I also love the great events that I have had the opportunity to be part of such as ALPFA (Association of Latino Professionals for America).
If you could do any other job for a day, what would it be?
I would be captain of my own sailboat.
Tell us something about you that might surprise us.
I could live on Chick-Fil-A.
What keeps you busy outside of work?
I love to boat, bike, ski, and travel. I also volunteer as crew advisor for Venturing Crew, which is a co-ed group (that is part of Boy Scouts) of high school kids who go on high-adventure activities. Last year I led a group of high schoolers that canoed and portaged through the Quetico and this year we’ll be hiking through Philmont, New Mexico. It’s hard, challenging, and character building.
What’s your favorite local business
Homer’s Ice Cream in Wilmette.