Truecar Announces Strategic Restructuring And Leadership Transition; Impacting 102 Positions, Or 24% Of Co, Expected To Streamline Organization And Reduce Annualized Expenses By Over $20M; Jantoon Reigersman Appointed President And Chief Executive Officer
Portfolio Pulse from Benzinga Newsdesk
TrueCar announces a strategic restructuring, impacting 102 positions (24% of the company) and reducing annualized expenses by over $20M. Jantoon Reigersman is appointed as President and CEO, succeeding Michael Darrow who is departing the company.
June 14, 2023 | 8:08 pm
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TrueCar's restructuring aims to streamline the organization and reduce expenses, potentially improving financial performance. Jantoon Reigersman's appointment as CEO may bring new leadership direction.
The restructuring is expected to reduce annualized expenses by over $20M, which could improve the company's financial performance. Jantoon Reigersman's appointment as CEO may bring new leadership direction, potentially benefiting the company's growth and stock price in the short term.
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IMPORTANCE 80
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