![]() Moussa succeeds Jeff Clementz, who will remain with the Company as a strategic advisor to Moussa, the Board, and the management team during a transition period. ![]() I plan to hit the ground running and act with a sense of urgency in implementing process improvements.” ![]() Having founded and led profitable auto dealerships, I believe there is significant opportunity to improve unit economics and bring the company to EBITDA profitability. “I have tremendous respect for the Shift brand, its mission to make car purchase and ownership simple, and its unique vehicle acquisition engine. “I am honored to have the opportunity to lead Shift at this pivotal time as we focus on our path to profitability,” said Mr. “His operational expertise, especially in sales and processes, will significantly advance the execution of our omnichannel sales model.” “With his considerable automotive dealership experience as a founder and operator and a proven track record, we are confident Ayman is ideally positioned to lead Shift during this critical juncture for the company,” said Victoria McInnis, Lead Director of the Board. ![]() Carnamic has 8 locations and over $200 million in annual revenue. In 2009, he founded Carnamic, a group of new and pre-owned auto dealerships in Northern California. SAN FRANCISCO, J(GLOBE NEWSWIRE) - Shift (Nasdaq: SFT) today announced that its Board of Directors has appointed Ayman Moussa as Chief Executive Officer and a member of the Board, effective immediately June 9, 2023.Īyman Moussa is an automotive entrepreneur and CEO with over 20 years of industry experience and leadership. ![]()
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