CHARLOTTE, N.C. - 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
