Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual Meeting

Rhea-AI Summary

TrueCar, Inc. nominates Diego Rodriguez to its Board of Directors, filling the vacancy left by Erin Lantz. Rodriguez's extensive experience in business, design, and technology makes him a valuable addition to the company.

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

FAQ

Who has been nominated to TrueCar's Board of Directors?

Diego Rodriguez has been nominated to TrueCar's Board of Directors.

When will the election for the new Board member take place?

The election for the new Board member, Diego Rodriguez, will take place at TrueCar's Annual Meeting of Stockholders on May 23, 2024.

What is Diego Rodriguez's background and experience?

Diego Rodriguez has extensive experience in integrating business, design, and technology at top industry levels. He has held positions at Intuit, IDEO, and Stanford's d.school, among others.

What are Diego Rodriguez's educational qualifications?

Diego Rodriguez holds a Bachelor of Arts in Values, Technology, Science & Society, a Bachelor of Science in Mechanical Engineering from Stanford University, and a Master of Business Administration from Harvard Business School.

Who is retiring from TrueCar's Board of Directors?

Erin Lantz is retiring from TrueCar's Board of Directors.