Trending...
- Pre-Seed VC Martin Tobias Makes Fundraising Tool Available to Every Startup CEO as Investor Match
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- Sturtevant's Offers Free Ski and Snowboard Edge-and-Wax Services in Bellevue Oct. 29
SANTA MONICA, Calif., Sept. 26, 2023 ~ TrueCar, Inc., a leading online destination for buying and selling new and used vehicles, has announced new leadership appointments and role changes. Oliver Foley is joining TrueCar as Chief Financial Officer, replacing Teresa Luong. Jay Ku will be shifting roles from Chief Commerce Officer to Chief Revenue Officer, while Lisa Hess is promoted to Head of Sales.
Foley will start at TrueCar on October 30 and will be responsible for the company's financial strategy, accounting operations, corporate finance, tax compliance and investor relations. He has spent over 10 years in senior corporate finance and strategy roles across several high-growth consumer brands. He joins TrueCar from Flexcar, LLC, a leading vehicle-subscription business in the U.S., where he led the Finance and Accounting, Risk and Analytics teams responsible for shaping the company's long-term business strategy and growth objectives.
As Chief Revenue Officer, Ku will oversee Dealer Sales and Retention, Wholesale, Affinity Network, and OEM Solutions in addition to existing oversight of marketing and communications. Hess will lead TrueCar's field sales team for both franchise and independent dealers as well as the supporting sales functions. She has nearly 30 years of automotive industry experience in dealer leadership positions.
More on Washingtoner
Jantoon Reigersman, President and CEO of TrueCar said: "We're thrilled to welcome Oliver to the TrueCar team as we build an organization that will continue to deliver deliberate, innovative, and exciting products for both consumers and dealers. We are also excited to promote Lisa who has been pivotal to the success and growth of our dealer partner network. Jay's new role will be principally dedicated to TrueCar's tremendous revenue growth opportunity."
TrueCar has made significant changes in its leadership structure with Oliver Foley joining as Chief Financial Officer replacing Teresa Luong; Jay Ku shifting roles from Chief Commerce Officer to Chief Revenue Officer; while Lisa Hess is promoted to Head of Sales.
Foley brings over 10 years of experience in senior corporate finance roles across several high-growth consumer brands from his previous role at Flexcar LLC where he led the Finance & Accounting teams responsible for shaping the company's long-term business strategy & growth objectives.
As Chief Revenue Officer Ku will oversee Dealer Sales & Retention; Wholesale; Affinity Network; & OEM Solutions along with existing oversight of marketing & communications while Hess takes on responsibility for leading TrueCar's field sales team for both franchise & independent dealers along with supporting sales functions with her nearly 30 years of automotive industry experience in dealer leadership positions.
More on Washingtoner
Reigersman expressed his enthusiasm about these changes saying: "We're thrilled to welcome Oliver to the TrueCar team as we build an organization that will continue to deliver deliberate innovative & exciting products for both consumers & dealers." He further added: "We are also excited to promote Lisa who has been pivotal to the success & growth of our dealer partner network."
The changes made by TrueCar are expected to bring about significant improvements in their financial strategies; accounting operations; corporate finance; tax compliance; investor relations; marketing & communications along with their overall revenue growth opportunities which should help them achieve their goals more efficiently than before.
Foley will start at TrueCar on October 30 and will be responsible for the company's financial strategy, accounting operations, corporate finance, tax compliance and investor relations. He has spent over 10 years in senior corporate finance and strategy roles across several high-growth consumer brands. He joins TrueCar from Flexcar, LLC, a leading vehicle-subscription business in the U.S., where he led the Finance and Accounting, Risk and Analytics teams responsible for shaping the company's long-term business strategy and growth objectives.
As Chief Revenue Officer, Ku will oversee Dealer Sales and Retention, Wholesale, Affinity Network, and OEM Solutions in addition to existing oversight of marketing and communications. Hess will lead TrueCar's field sales team for both franchise and independent dealers as well as the supporting sales functions. She has nearly 30 years of automotive industry experience in dealer leadership positions.
More on Washingtoner
- New Finnish Affiliate Site Ilmaiskierrokset.com Puts Wager-Free Spins in the Spotlight
- Major FDA Victory; Preservative-Free Ketamine Approved Ahead of November 10 Goal Date as Commercial Launch Opportunity Comes Into Focus for NRx Pharma
- Immerse Yourself in the Historic Tochigi Autumn Festival, Celebrated Every Two Years Since 1874
- Tacoma: OMWBE Active Certification Class on November 16
- Ornamental Designer Pro to Attend METALfab 2027, Sponsor Wednesday Opening Reception
Jantoon Reigersman, President and CEO of TrueCar said: "We're thrilled to welcome Oliver to the TrueCar team as we build an organization that will continue to deliver deliberate, innovative, and exciting products for both consumers and dealers. We are also excited to promote Lisa who has been pivotal to the success and growth of our dealer partner network. Jay's new role will be principally dedicated to TrueCar's tremendous revenue growth opportunity."
TrueCar has made significant changes in its leadership structure with Oliver Foley joining as Chief Financial Officer replacing Teresa Luong; Jay Ku shifting roles from Chief Commerce Officer to Chief Revenue Officer; while Lisa Hess is promoted to Head of Sales.
Foley brings over 10 years of experience in senior corporate finance roles across several high-growth consumer brands from his previous role at Flexcar LLC where he led the Finance & Accounting teams responsible for shaping the company's long-term business strategy & growth objectives.
As Chief Revenue Officer Ku will oversee Dealer Sales & Retention; Wholesale; Affinity Network; & OEM Solutions along with existing oversight of marketing & communications while Hess takes on responsibility for leading TrueCar's field sales team for both franchise & independent dealers along with supporting sales functions with her nearly 30 years of automotive industry experience in dealer leadership positions.
More on Washingtoner
- The Case For Civil Disagreement
- Resident Inspect Expands Virtual Property Inspections With AppFolio and Rentvine Integrations
- Unlocking the Next Phase of Growth with New AI Innovations; Targeting 2027 as Breakeven; Revenue Momentum Accelerates: ZenaTech (N A S D A Q: ZENA)
- AeroNet Deploys netElastic vBNG and CGNAT with Tarana Wireless to Deliver Scalable, Fiber-Class Broadband Across Puerto Rico
- New Atlas Maps the 38 States Behind Every Conversation
Reigersman expressed his enthusiasm about these changes saying: "We're thrilled to welcome Oliver to the TrueCar team as we build an organization that will continue to deliver deliberate innovative & exciting products for both consumers & dealers." He further added: "We are also excited to promote Lisa who has been pivotal to the success & growth of our dealer partner network."
The changes made by TrueCar are expected to bring about significant improvements in their financial strategies; accounting operations; corporate finance; tax compliance; investor relations; marketing & communications along with their overall revenue growth opportunities which should help them achieve their goals more efficiently than before.
0 Comments
Latest on Washingtoner
- Longevity Academy Features Gail Humble, MD of KLOTHO SKIN in the Longevity Leaders Project
- Datavalet Named One of Quebec's Best Workplaces™ for 2026
- Phinge Corporation Engages Sheridan Ross PC for Certain Intellectual Property Matters
- Alan Hamilton of Shiver Hamilton Campbell Inducted as a Fellow of the American College of Trial Lawyers
- Slotozilla Hosts Exclusive Halloween Casino Bonuses for 2026
- Remcon Equipment Marks 35 Years as a Conveyor Company, With 1,500+ Systems Built
- "BROOKLYN, BROOKLYN, BROOKLYN" children's book and official YouTube channel launch on October 27th
- Expanding Into Medically Supervised Wellness With Major Apollo Wellness Centers Announcement; Sibannac, Inc. (Stock Symbol: SNNC)
- Nextlink Internet Deploys netElastic to Modernize Its Hybrid Broadband Network
- Dynamic Relaunch as AI Predictive Cybersecurity Company Optimized to Prevent Threats Proactively: Cycurion, Inc. (N A S D A Q: CYCU)
- EMBER™ Unveils the Workplace Identity Score™ (WIS™), the First Standard for Measuring Workplace Impact on Workforce Performance & Business Growth
- With Oil Prices Surging…Sky Quarry's Nevada Refinery Is Back in Action — CEO Highlights a Powerful New Growth Chapter for (N A S D A Q: SKYQ)
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Win Gold in Raleigh's Best Awards for Second Consecutive Year
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- One in three Americans may have lost track of retirement savings from a previous job
- Political Concerns Drive US Investors to Golden Visas
- Tacoma: T-Town Takes Over the Dome Oct. 30
- New Book Savvy Not Sabotaged Helps Those Hurt by Betrayal Set Boundaries Without Shutting Others Out
- CPPS to Host Webinar on the Revised ASIS Workplace Violence Prevention and Intervention Standard
- CPPS Renews ASIS International Preferred CPE Provider Status