Shift Applied sciences appoints modern CEO; strategic choices assessment ‘ongoing’

BE desk

On-line used-vehicle store Shift Applied sciences Inc. mentioned Friday its board of administrators appointed a modern CEO, efficient in an instant. The walk comes because the board evaluates strategic choices for the trade.

Ayman Moussa, an car entrepreneur with greater than twenty years of trade enjoy, replaces Jeff Clementz, in keeping with a information shed. Moussa involves Shift Applied sciences from overseeing a bunch of 8 new- and used-vehicle dealerships within the San Francisco Bay Department as founder and CEO of Carnamic.

Shift Applied sciences indicated on Friday that Clementz will stay with the corporate as a strategic aider to Moussa, the board and the control group thru a transition length. Clementz will step indisposed from the board “effective immediately,” the inside track shed mentioned.

“Having founded and led profitable auto dealerships, I believe there is significant opportunity to improve unit economics and bring the company to EBITDA profitability,” Moussa mentioned in a commentary. “I plan to hit the ground running and act with a sense of urgency in implementing process improvements.”

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