RumbleOn Announces Senior Management Changes and Outlines Organizational Improvements to Enhance the Customer Experience

Rhea-AI Summary

RumbleOn (NASDAQ: RMBL) has announced a restructured management team to enhance future growth and improve customer experience. Following the departures of Mark Tkach and Bill Coulter, Peter Levy will take over as Chief Operating Officer. Promotions include Lyle Kramper as National Senior Vice President of Retail, overseeing regional operations. The company aims to leverage its experienced workforce to elevate customer engagement across all platforms.

Positive

• New leadership under Peter Levy expected to drive strategy and growth.
• Promotions from within indicate strong internal talent and continuity.
• Focused on enhancing customer experience across multiple channels.

Negative

• Departure of key executives may create uncertainty in strategic direction.
• Potential gaps in leadership experience with a significant management shift.

Promotes Senior Staff to Support Future Growth across the Organization

Mark Tkach and Bill Coulter have stepped down from their positions with RumbleOn; RumbleOn’s President, Peter Levy, to Succeed Mark Tkach as Chief Operating Officer

DALLAS--(BUSINESS WIRE)-- RumbleOn, Inc. (NASDAQ: RMBL), the nation's first technology-based omnichannel powersports platform, today unveiled a new unified management structure aimed at strengthening the customer experience and supporting future growth and drive long term improvements to the overall customer experience.

RumbleOn has promoted Lyle Kramper as National Senior Vice President of Retail and Kristopher Price as National Director of Manufacturer Relations. As National Senior Vice President of Retail, Mr. Kramper will oversee a slate of Regional Directors who will lead the daily operations of multiple facilities based primarily on geographic location. RumbleOn has a deep bench allowing for promotions from within the organization and these individuals have a proven track record in leading management roles with the company: Paul Griffith - Phoenix, AZ; Paul Langford - Dallas, TX; Christopher Rice - Las Vegas, NV; Christopher Chesnut - Tucson, AZ; and Scott Cheek - Ocala, FL.

Marshall Chesrown, RumbleOn’s Chairman and Chief Executive Officer said, “We are reimagining customer experience, building the future of powersports, and we need proven leaders at the helm. This organizational structure is well-aligned with our growth initiatives and provides a stable footing for our continued expansion. We are leveraging our tremendously talented team of tenured and motivated individuals to enhance the customer experience and drive efficiency across the organization.”

Said Kramper about his new leadership position, ”I am proud to step into my new position and play a meaningful role in the next chapter of RumbleOn’s evolution. Together, we are laser-focused on providing an unparalleled customer experience, both online and offline, and in my new position, that begins with working alongside our Regional Directors to share best practices in customer service and general operations to enhance the overall performance of our retail locations.”

RumbleOn also announced that RideNow’s co-founders, Mark Tkach and Bill Coulter, have stepped down from their positions with RumbleOn effective February 11, 2021. Subsequent to RumbleOn and RideNow’s business combination, which closed August 31, 2021, Mr. Tkach served as a director and RumbleOn’s Chief Operating Officer and Mr. Coulter served as Executive Vice Chairman of the Board. Peter Levy, RumbleOn’s President, has been appointed to succeed Mr. Tkach as RumbleOn’s Chief Operating Officer. Mr. Levy has been a member of RumbleOn’s senior management team since August of 2017 and was appointed to its Board of Directors in June of 2021.

About RumbleOn

RumbleOn, Inc. is the nation's first technology-based omnichannel powersports platform. Headquartered in the Dallas Metroplex, RumbleOn is revolutionizing the customer experience for outdoor enthusiasts across the country and making powersport vehicles accessible to more people, in more places than ever before. To learn more please visit us online at https://www.rumbleon.com/.

Cautionary Note on Forward-Looking Statements

This press release may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed under the heading "Forward-Looking Statements" and "Risk Factors" in the Company's SEC filings, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220213005072/en/

Investor Relations:

Will Newell

investors@rumbleon.com

Source: RumbleOn, Inc

FAQ

What recent management changes occurred at RumbleOn (RMBL)?

RumbleOn has appointed Peter Levy as Chief Operating Officer following the departures of Mark Tkach and Bill Coulter.

How will Peter Levy's appointment impact RumbleOn's strategy?

Levy's leadership is expected to strengthen growth initiatives and improve customer experience.

When did Tkach and Coulter step down from RumbleOn?

Mark Tkach and Bill Coulter stepped down effective February 11, 2021.

Who else has received promotions within RumbleOn's new management structure?

Lyle Kramper has been promoted to National Senior Vice President of Retail, among other internal promotions.