SEOUL, South Korea--(BUSINESS WIRE)--Coupang, one of the world’s fastest-growing e-commerce companies, has named Michael Parker as its Chief Accounting Officer. The addition comes as the growth of Coupang, the leading online retailer in Korea, accelerates to more than three times the growth rate of Korea’s booming e-commerce segment.
“I was attracted to Coupang because the company is revolutionizing the e-commerce industry and transforming customers’ lives,” said Parker. “Coupang has a huge selection of items and has created a delivery system that goes right to the customer’s home. That makes it possible to deliver millions of items in hours and pick up returns at the customer’s door without a shipping label. This doorstep service is solving the problems that have challenged other e-commerce companies.”
Coupang is known for building an end-to-end e-commerce business that delivers millions of items through its own, nationwide last-mile delivery service, Rocket Delivery. This service allows Coupang to provide Dawn Delivery (which delivers orders placed before midnight to the customer before 7:00 a.m.) and Same-Day Delivery (which delivers orders within hours). Over 99% of Coupang’s Rocket Delivery orders are delivered within one day.
Prior to joining Coupang, Parker served as Vice President – Controller, Governance & Reporting at Nike, Inc. He was responsible for leading Nike’s external and SEC reporting, technical accounting and policy, and internal controls governance. Before that, Parker held various executive accounting positions with Walmart, culminating in his role as Vice President (Global Officer), Finance Transformation. In this position, he led initiatives to implement, maintain and oversee anti-corruption financial controls around the globe . Parker also served as Vice President, Controller, for both Walmart Canada and Walmart China, as well as Senior Director, Global Accounting & Policy, Walmart Stores, Inc. Before joining Walmart, Parker worked as a Senior Manager of Audit Services at Deloitte & Touche, which included a two-year technical assignment in Deloitte’s national office.
Parker is a Certified Public Accountant. He holds a BS in Accounting and Masters of Accountancy, both from Brigham Young University. Additionally, he is a member of Financial Executives International (FEI) and the American Institute of Certified Public Accountants (AICPA).
Coupang is one of the largest and fastest-growing consumer internet companies in the world. Its innovative technologies and novel approach to mobile commerce and customer service have set a new standard for e-commerce in Korea and beyond. Powered by its proprietary technology infrastructure, Coupang offers the largest end-to-end fulfillment operation in Korea and one of the most revolutionary last-mile delivery services in the world. Founded in 2010, Coupang is a global company with offices in Beijing, Los Angeles, Seattle, Seoul, Shanghai, and Silicon Valley.