SANTA
MONICA, Calif., April 8,
2024 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE),
the easiest, most efficient and transparent online destination for
buying and selling new and used vehicles, today announced that
Diego Rodriguez has been nominated
to stand for election to its Board of Directors at the
company's May 23, 2024 Annual Meeting
of Stockholders. Mr. Rodriguez would fill the vacancy created by
Erin Lantz, who is retiring from
service on the Board at the Annual Meeting.
"On behalf of the entire board, I extend our heartfelt gratitude
to Erin Lantz for eight years of
dedicated service. Her contributions have been invaluable, and
we wish her the very best in her future endeavors," said
Barbara Carbone, Board Chair.
Mr. Rodriguez brings extensive experience integrating business,
design, and technology at the very highest levels of industry. He
has served as Intuit's Chief Product & Design Officer, as a
Senior Partner at IDEO, on the Harvard Board of Overseers, and on
the founding team of Stanford's
d.school. Over the last several years, he has worked as an
investor, startup advisor, and member of several boards, focusing
on tough tech, fintech, and the future of transportation. He is
currently a board member at LendingTree and was on the board of
EngageSmart until its January 2024
acquisition.
Mr. Rodriguez holds a Bachelor of Arts in Values, Technology,
Science & Society and Bachelor of Science in Mechanical
Engineering from Stanford University,
and a Master of Business Administration from Harvard Business School.
Jantoon Reigersman, President and Chief Executive Officer of
TrueCar, welcomed Diego's nomination, stating: "We are very excited
about Diego's nomination. His executive-level strategic leadership
and expertise in blending business with technology makes him a very
strong addition to our Board. If elected, his product management
and development experience will be a tremendous asset as we execute
on our mission of delivering a modern marketplace that brings the
car buying experience online."
Forward-Looking Statements
This press release contains forward-looking statements. All
statements contained in this press release other than statements of
historical fact are forward-looking statements, including
statements regarding the impact of potential changes to the
composition of our Board of Directors and our ability to develop
and introduce new and enhanced product offerings, including a
marketplace that facilitates online transactions. These
forward-looking statements are subject to a number of risks,
uncertainties and assumptions that may prove incorrect, any of
which could cause our results to differ materially from those
expressed or implied by such forward-looking statements, and
include, among others, those risks and uncertainties described
under the heading "Risk Factors" in our Annual Report on Form 10-K
for the year ended December 31, 2023
filed with the Securities and Exchange Commission, or SEC, and our
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, and June
30, 2023 and September 30,
2023 filed with the SEC. Moreover, we operate in a very
competitive and rapidly changing environment. New risks emerge from
time to time. It is not possible for our management to predict all
risks, nor can management assess the impact of all factors on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements we may make. All
forward-looking statements in this press release are based on
information available to our management as of the date of this
press release and, except as required by law, management assumes no
obligation to update those forward-looking statements, which speak
only as of their respective dates.
About TrueCar
TrueCar is a leading automotive digital marketplace that lets
auto buyers and sellers connect to our nationwide network of
Certified Dealers. With access to an expansive inventory provided
by our Certified Dealers, we are building the industry's most
personalized and efficient auto shopping experience as we seek to
bring more of the process online. Consumers who visit our
marketplace will find a suite of vehicle discovery tools, price
ratings and market context on new, used and Certified Pre-Owned
vehicles. When they are ready, shoppers in TrueCar's marketplace
can connect with a Certified Dealer in our network, who shares our
belief that truth, transparency and fairness are the foundation of
a great auto shopping experience. As part of our marketplace,
TrueCar powers auto-buying programs for over 250 leading brands,
including AARP, Sam's Club, Navy Federal Credit Union and American
Express.
For more information, please visit www.truecar.com, and follow
us on LinkedIn, Facebook or X.
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SOURCE TrueCar