Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - RumbleOn, Inc. | rmbl_8k.htm |
Exhibit 99.1
RumbleOn Announces Appointment of Joe Reece to its Board of
Directors
OCTOBER
09, 2018
CHARLOTTE,
N.C.--(BUSINESS WIRE)-- RumbleOn (NASDAQ: RMBL), the only 100-
percent-online powersports marketplace, today announced the
addition of Joe Reece to the Company's Board of Directors,
effective October 8, 2018. Reece has more than 30 years of
experience running and advising multi-billion dollar,
multi-national businesses and has served on several public company
boards. His experience spans various sectors, including technology,
consumer retail, media and financial services.
“We
are pleased to welcome Joe to the Board of Directors and look
forward to benefitting from his robust experience across a wide
variety of sectors and specialties,” said Marshall Chesrown,
CEO of RumbleOn. “Joe brings strong financial acumen and
public company board experience to RumbleOn. We believe he will be
an exceptional addition to our board as we continue to execute on
our goal to grow over the long-term and create value for our
shareholders.”
“RumbleOn
has built a powerful technology platform that underpins an
efficient and transparent customer experience,” said Reece.
“RumbleOn is changing the way consumers and dealers alike are
engaging in pre-owned vehicle transactions and I look forward to
joining Marshall and the rest of RumbleOn’s impressive team
to help support the company through its accelerated growth and
future successes.”
Reece
has more than 30 years of experience advising public and private
corporations, boards, financial sponsors and institutional
investors on strategy, financing, and mergers and acquisitions in
the consumer and retail, technology, media, financial services and
industrial sectors. Reece is the Founder and Chief Executive
Officer of Helena Advisors, LLC, a Merchant Bank based in Los
Angeles, where in addition to principal investing, he provides CEO
level counseling focused on long-term value creation. He was Head
of the Investment Bank for the Americas for UBS Securities from
2017 to 2018. Prior to that, he spent 18 years with Credit Suisse
where he provided investment banking, capital market advisory
services, and merger and acquisition advice across a broad range of
industries. He held a number of senior management positions across
the Investment Bank, including the Global Head of ECM, the Global
Head of the Industrials Group and sat on both the Global Equities
Management Committee and the Investment Banking Management
Committee. Reece began his career at the United States Securities
and Exchange Commission as Staff Counsel ultimately rising to
become Special Counsel for the SEC’s Division of Corporation
Finance and subsequently practiced law with Skadden Arps based in
Los Angeles in the Corporate Practice Group. Reece is a graduate of
Georgetown University Law Center and the University of
Akron.
Reece
currently serves as a member of the board of directors of
Georgetown University Law Center, the Foundation of the University
of Akron and Chair-ity. In addition to his previous service on the
Board of UBS Securities, LLC, Reece also served on the Boards of
CST Brands, Inc. and LSB Industries, Inc. from 2015 to 2017 and was
previously a member of the board of directors of the New York
Foundation for the Arts and KIPP: NYC.
Reece
is the seventh member of RumbleOn’s Board of
Directors.
For
more information on the RumbleOn marketplace, visit
www.rumbleon.com.
About RumbleOn
RumbleOn
operates a capital-light disruptive e-commerce platform
facilitating the ability of both consumers and dealers to
Buy-Sell-Trade-Finance pre-owned vehicles in one online location.
RumbleOn’s goal is to transform the way pre-owned vehicles
are bought and sold by providing users with the most efficient,
timely and transparent transaction experience. RumbleOn’s
initial focus is the market for VIN specific pre-owned powersport
vehicles with an emphasis on motorcycles and other powersports.
Serving both consumers and dealers, through its 100-percent-online
marketplace platform, RumbleOn makes cash offers for the purchase
of pre-owned vehicles. In addition, RumbleOn offers a large
inventory of pre-owned vehicles for sale along with third-party
financing and associated products.
View
source version on businesswire.com:
https://www.businesswire.com/news/home/20181009005308/en/
Media Contact
BLASTmedia
for RumbleOn
Jake
Doll, 317-806-1900 ext. 122
jake@blastmedia.com
or
Investor Contact:
The
Blueshirt Group
investors@rumbleon.com
Source:
RumbleOn