Groupon, the highly coveted online commerce company, has announced Rich Williams as its new Chief Operating Officer. Previous to the announcement, Williams first served as Groupon’s Chief Marketing Officer, and then became President of the North American division, overseeing important initiatives that have made the region wildly successful.

“Rich has been integral in steering our North American local business to three consecutive quarters of double-digit growth and helping to lead Groupon’s transformation to a mobile commerce marketplace,” said CEO Eric Lefkofsky. “As North America continues to be the leading edge of our tools, systems and processes, Rich is perfectly positioned to bring that operational leverage to our international markets.”

The role of COO has been volatile over the years until the appointment of Kal Raman. But even that was short lived when he transferred to manage Groupon’s Asia-Pacific region, leaving the position vacant for nearly a year. Now Raman is no longer with Groupon. He’s currently serving as the CEO of SolutionStar, an online homebuyer service.

In addition to fulfilling the position of COO, Groupon also announced an update to their stock buyback. The $300 million share repurchase has increased by $200 million. The repurchase program, however, could not help the slight drop in the company’s stock.

With one new delegation comes the loss of another important player, as Groupon reported that Chief Financial Officer Jason Child will be relocating to the San Francisco-based technology company, Jawbone, in July. He is accepting the same executive role at Jawbone.

Child was a staple of Groupon, having been through rough patches and successes. He was responsible for the highly anticipated IPO in 2011. He led the company through its financial remodeling when Groupon’s stock plummeted and was struggling to earn real profits two years after its IPO.

Child also boasts an impressive resume. Before joining Groupon in 2010, he was the CFO of Amazon’s international finance unit. His financial experience is highly sought after, especially in a company that is not exactly in the best financial standing.

In the last few months, Jawbone accrued $700 million in funding from investors. BlackRock, alone, contributed $300 million. Jawbone looks to pour the proceeds into their coffers and hope to carve out a space in the market of activity trackers and other consumer electronics.

Jawbone’s co-founder and CEO, Hosain Rahman is excited to bring Child onboard.

“Jason has proven himself to be a well respected and highly effective leader and will bring a tremendous amount to Jawbone. Jason comes to Jawbone with experience scaling two fast-growing businesses to profit while aggressively investing in the future.”

Could it be that Jawbone is planning the same financial endeavors as its rival FitBit? It may very well be possible when considering recent events that have taken place.

First of all, Jawbone is in a legal dispute with FitBit over proprietary information. Secondly, they already made initial rounds of investments, and thirdly, the acquisition of Jason Child and former Google commerce executive Sameer Samat play into the rumors surfacing that Jawbone is also planning an IPO.

It is even more obvious when Rahman specifically mentioned Child’s role in Groupon’s IPO.

“As Groupon’s CFO, Jason not only took them public, but drove a 10x increase in sales – from $750 million to $7.6 billion while taking the company from significant loss to profit.”

Jawbone is making bold moves in order to stay afloat the competition.