TrueCar Appoints Faye Iosotaluno to its Board of Directors

Rhea-AI Summary

TrueCar, Inc. (NASDAQ:TRUE) has appointed Faye Iosotaluno, Chief Strategy Officer at Match Group, to its Board of Directors, expanding the board to nine members, including three women. Iosotaluno brings extensive experience from her roles at Match Group and SoundCloud. TrueCar's CEO, Mike Darrow, expressed enthusiasm for her insights, emphasizing how her expertise in digital platforms will support the company's goal of enhancing the online car buying experience. TrueCar aims to create a transparent marketplace connecting buyers with certified dealers across the United States.

Positive

• Appointment of Faye Iosotaluno adds expertise in digital platforms.
• Board expansion to nine directors improves diversity and independence.
• Expected positive impact on TrueCar's strategy for an enhanced online car buying experience.

Negative

• Possible continuity concerns given Iosotaluno's transition from Match Group.

SANTA MONICA, Calif., Oct. 28, 2021 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) today announced the election of Faye Iosotaluno, Chief Strategy Officer at Match Group, to its Board of Directors. With this addition, the company's board will expand to nine directors, three of whom are women and eight of whom are independent.

"We are excited for Faye to join TrueCar's Board of Directors and look forward to her insights and contributions," said Mike Darrow, President and Chief Executive Officer of TrueCar. "With her depth of expertise across digital platforms, and specifically technology and media companies, she will be a tremendous asset to our existing Board as TrueCar continues to work toward delivering a modern, two-sided marketplace that brings the car buying experience online."

Since February 2020, Faye Iosotaluno has served as Chief Strategy Officer at Match Group, a leading provider of online dating and social discovery products including iconic brands like Tinder and Match. Prior to this, she served as Senior Vice President for New Business Initiatives at Match Group. Faye previously served as Vice President for Strategy and Business Development at SoundCloud Ltd., a leading online audio distribution and sharing platform that connects creators and fans as well as a number of digital strategy roles at other media companies. She will serve on the Board's audit committee.

About TrueCar

TrueCar is a leading automotive digital marketplace that enables auto buyers to connect to our nationwide network of Certified Dealers. We are building the industry's most personalized and efficient auto buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new and used cars – all with a clear view of what's a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency and fairness are the foundation of a great auto buying experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including Sam's Club, Navy Federal Credit Union and American Express. TrueCar is headquartered in Santa Monica, California, with an office in Austin, Texas.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/truecar-appoints-faye-iosotaluno-to-its-board-of-directors-301411444.html

SOURCE TrueCar, Inc.

FAQ

Who is Faye Iosotaluno and what is her role at TrueCar?

Faye Iosotaluno is the newly appointed director at TrueCar, previously serving as Chief Strategy Officer at Match Group, bringing extensive experience in digital platforms.

What impact might Faye Iosotaluno's appointment have on TrueCar?

Her expertise in technology and media is expected to enhance TrueCar's strategy in creating an efficient online car buying marketplace.

How many directors will TrueCar have after this appointment?

With Faye Iosotaluno's appointment, TrueCar's Board of Directors will expand to nine members.

What is the significance of the board's diversity at TrueCar?

The addition of Iosotaluno increases the board's diversity, with three women now serving among the nine directors, which can enhance decision-making processes.