TrueCar replaces CEO, lays off just about 1 / 4 of labor drive

BE desk

TrueCar Inc. is shedding a just about 1 / 4 of its paintings drive and appointed COO Jantoon Reigersman as its unused CEO to backup the suffering car listings corporate amid a restructuring.

The Santa Monica, Calif., corporate stated Wednesday that it’ll decrease 102 positions, or 24 % of its paintings drive. Reigersman, 41, replaces CEO Mike Darrow, 66, who additionally has left his board place.

Barbara Carbone, TrueCar’s incoming board chair, stated in a observation that restructuring would backup the corporate higher align its prices with earnings “and is designed to make TrueCar a nimbler, more efficient company.”

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