RumbleOn, Inc. Announces Leadership Changes

Leadership Changes - Michael Quartieri, Chairman of the Board, has been appointed as Chief Executive Officer [5][6] - Cameron Tkach, Vice President of Dealership Operations, has been promoted to Executive Vice President and Chief Operating Officer [5][6] - Becca Polak, Chair of the Compensation Committee, has been named Vice Chairman and Lead Independent Director [5][6] - Michael Kennedy is no longer Chief Executive Officer or a member of the Board of Directors [5] Executive Profiles - Michael Quartieri has significant leadership and strategic planning experience, strong financial acumen, and corporate governance expertise [1] - Cameron Tkach has over 15 years of experience in the powersports industry, with a background in operational roles such as Sales Manager, Finance Manager, General Manager, and Operations Director [1] - Becca Polak is a seasoned executive and board advisor with a record of driving business strategy, execution, and technology transformation [1] Company Overview - RumbleOn operates through two segments: Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider [4] - The Powersports group is the largest in the US by revenue, unit sales, and dealership locations, offering over 500 franchises representing 50 brands [4] - The company is the largest purchaser of pre-owned powersports vehicles in the US, utilizing RideNow's Cash Offer to acquire vehicles directly from consumers [4] Strategic Focus - Michael Quartieri emphasizes driving growth, improving profitability, and producing strong cash flow following the payoff of convertible notes [1] - Cameron Tkach aims to leverage his operational and strategic expertise to achieve operational excellence and market leadership in the powersports industry [1] - The leadership team is focused on accelerating RumbleOn's success through strategic vision and execution [1]