Getaround Announces Leadership Transition in Continued Drive for Global Growth and Profitability
28 Fevereiro 2024 - 10:00AM
Business Wire
Eduardo Iniguez, former Silvus Technologies’
CFO, appointed CEO
Jason Mudrick, Mudrick Capital’s Founder and
CIO, appointed Chair of the Board
Getaround (NYSE: GETR) (“Getaround'' or the “Company”), the
world’s first connected carsharing marketplace, today announced
that its Board of Directors has appointed former Silvus
Technologies CFO and former Getaround SVP of Finance, Risk &
Strategy Eduardo Iniguez as CEO, effective immediately. Iniguez
also joined the Getaround Board of Directors. In connection with
this change, Jason Mudrick, Founder and Chief Investment Officer of
Mudrick Capital, which led Getaround’s January 2024 financing, was
appointed Chairperson of the Board. Getaround’s outgoing CEO, Sam
Zaid, will continue to serve as a member of the board of
directors.
Iniguez joins Getaround at a pivotal time, as the Company
focuses on right-sizing the business and streamlining operations in
a push to create greater value for its shareholders, employees, and
customers. Iniguez is an accomplished executive in the technology
and aerospace sectors and brings more than fifteen years of
experience in strategic finance and corporate leadership to fund
and scale emerging companies.
Prior to his role as CFO at Silvus Technologies, Iniguez served
as SVP of Finance, Risk & Strategy for Getaround. Prior to
Getaround, Iniguez was CEO and CFO of HyreCar, Inc. and
successfully managed the sale of its assets to Getaround in May
2023. Previous to that, he was the VP of Corporate Finance &
Accounting for AllClear, a private equity-backed aerospace company
where he was responsible for 11 business unit P&Ls
globally.
“I am thrilled to return to Getaround to help accelerate the
Company’s growth and path to profitability while reaching its
incredible potential,” said Iniguez. “I am committed to our car
owners and renters to be the carsharing platform of choice while we
pave the way for long-term, sustainable growth. I look forward to
rolling up my sleeves with the team to focus on execution and
delivering results.”
“We are pleased to welcome Eduardo back to lead Getaround into
its next phase of growth,” said Mudrick. “His track record of
transformational leadership and passion for the carsharing space
make him uniquely situated to take the helm as the Company focuses
on revenue growth and a path to profitability. I also want to thank
Sam Zaid for his leadership and commitment to Getaround’s mission
and people since the Company’s inception.”
Founder, board member, and outgoing CEO, Sam Zaid, expressed his
excitement about the transition, stating, "As I step back from my
day-to-day involvement, I am confident Eduardo will steer Getaround
towards profitability and unlock continued success as an
innovative, category-defining company in digital carsharing."
About Getaround
Offering a 100% digital experience, Getaround (NYSE: GETR) makes
sharing cars and trucks simple through its proprietary cloud and
in-car Connect® technology. The company empowers consumers to shift
away from car ownership through instant and convenient access to
desirable, affordable, and safe cars from entrepreneurial hosts.
Getaround’s on-demand technology enables a contactless experience —
no waiting in line at a car rental facility, manually completing
paperwork or meeting anyone to collect or drop off car keys.
Getaround’s mission is to utilize its peer-to-peer marketplace to
help solve some of the most pressing challenges facing the world
today, including environmental sustainability and access to
economic opportunity. Launched in 2011, Getaround is available
today in more than 1,000 cities across the United States and
Europe. For more information, please visit
https://www.getaround.com/.
Forward-Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally relate to
future events, such as statements by Getaround’s chief executive
officer and Jason Mudrick, statements regarding the Company’s
expected performance, its “path to profitability”, and “sustainable
growth”. In some cases, you can identify forward-looking statements
by terminology such as “intends,” “plans,” and “will,” or the
negative of these terms or variations of them or similar
terminology. We have based these forward-looking statements on our
current expectations and assumptions and analyses made by us in
light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate under the circumstances.
However, whether actual results and developments will conform with
our expectations and predictions is subject to a number of risks
and uncertainties, many of which are beyond our control, including
the Company’s ability to continue to comply with applicable listing
standards of the NYSE; and the other factors under the heading
“Risk Factors” in our Annual Report on Form 10-K filed with the SEC
on November 16, 2023, and in other filings that the Company has
made and may make with the SEC in the future. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements. The actual results or developments
anticipated may not be realized or, even if substantially realized,
they may not have the expected consequences to or effects on the
Company or our business or operations. Such statements are not
intended to be a guarantee of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which are made only as of the
date hereof. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240228365142/en/
Investors: investors@getaround.com
Media: press@getaround.com
Getaround (NYSE:GETR)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Getaround (NYSE:GETR)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024