HyreCar Appoints Independent Director Grace Mellis as Chairman of the Board of Directors
January 15 2019 - 4:15PM
Business Wire
HyreCar Inc. (NASDAQ: HYRE) (the “Company”), the carsharing
marketplace for ridesharing, today announced that the Board of
Directors has appointed Grace Mellis as Chairman of the Board of
Directors, effective January 9, 2019. Ms. Mellis, a current member
of the HyreCar Board and chair of its audit committee, will succeed
Anshu (Andy) Bansal who stepped down from the Board to pursue a new
start up opportunity.
Ms. Mellis brings more than 25 years of management and finance
expertise into her role as Chairman. She spent nearly a decade at
JPMorgan Chase where she had the opportunity to work with Heidi
Miller and Jamie Dimon on transformation and business expansion as
a Managing Director and Head of International Strategy within the
Corporate and Investment Bank. She was also a CFO for the Investor
Services business covering Private Equity Funds, Asset Managers and
Central Banks.
“The mobility industry is undoubtedly entering a new era with
the advent of shared mobility and many dealerships and OEMs will
need to look beyond their traditional business models,” said Ms.
Mellis. “HyreCar is at an exciting inflection point for growth and
scale, and the market is more open than ever to our innovative
model. I’m excited to partner with our management team to realize
our ambition to extend and expand our marketplace from individual
drivers to enterprise operations. I also want to thank Andy Bansal
for his vision and we all wish him the best in his new
venture.”
Joe Furnari, CEO of HyreCar, added: “Grace brings a wealth of
invaluable financial and sales acumen to our board. As chairman, we
look forward to leveraging her prior experiences at JPMorgan Chase,
which provides our entire management team and board with invaluable
insights on the strategic direction of the business. She is a true
partner to the business and has been instrumental in aligning our
strategy, priorities and long-term vision for long-term shareholder
value creation into 2019 and beyond.”
Ms. Mellis is the founder and managing director of IGA Capital,
which invests in and advises start-ups in the finance and
technology space. She is also a mentor and investor with Techstars,
a global start-up incubation platform. Previously, Ms. Mellis was
CFO and VP of Corporate Finance and Business Intelligence at
Greendot Corporation, and prior to that she spent almost a decade
in strategy and finance leadership roles at JPMorgan Chase.
About HyreCar
HyreCar Inc. (NASDAQ: HYRE) actively operates in 50 states plus
Washington, D.C. The Company’s carsharing marketplace for
ridesharing was created to leverage technology and establish a
scalable presence in automotive asset sharing. Drivers, vehicle
owners, fleet owners, and automotive dealers alike can utilize the
platform to create an opportunity for themselves where one did not
previously exist. By providing a safe, secure, and reliable
marketplace, HyreCar is the Mobility as a Service solution for
carsharing and ridesharing drivers. The HyreCar platform helps
private individuals with one car, or companies with thousands of
vehicles, to leverage available vehicle assets to earn income and
additional revenue streams with innovative and proprietary
technology. For more information, please
visit www.hyrecar.com.
Forward Looking Statements
Statements in this release concerning HyreCar Inc.’s (“HyreCar”
or the “Company”) future expectations and plans, including, without
limitation, HyreCar’s partnerships and technology solutions, its
ability to add and maintain additional car listings on its platform
from car dealers, and consumer demand for cars to be used for
ridesharing, may constitute forward looking statements for the
purposes of the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995 and other federal securities laws and
are subject to substantial risks, uncertainties and assumptions.
You should not place reliance on these forward looking statements,
which include words such as “could,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “may,” “continue,” “predict,”
“potential,” “project” or similar terms, variations of such terms
or the negative of those terms. Although the Company believes that
the expectations reflected in the forward-looking statements are
reasonable, the Company cannot guarantee such outcomes. HyreCar may
not realize its expectations, and its beliefs may not prove
correct. Actual results may differ materially from those indicated
by these forward-looking statements as a result of various
important factors, including, without limitation, market conditions
and the factors described in the section entitled “Risk Factors” in
HyreCar’s Prospectus, dated June 26, 2018, and HyreCar’s other
filings made with the U. S. Securities and Exchange Commission. All
such statements speak only as of the date made. Consequently,
forward-looking statements should be regarded solely as HyreCar’s
current plans, estimates and beliefs. Investors should not place
undue reliance on forward-looking statements. HyreCar cannot
guarantee future results, events, levels of activity, performance
or achievements. HyreCar does not undertake and specifically
declines any obligation to update, republish, or revise any
forward-looking statements to reflect new information, future
events or circumstances or to reflect the occurrences of
unanticipated events, except as may be required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190115005904/en/
Media Relations:Ronjini JoshuaThe Silver
TelegramHyreCar@thesilvertelegram.com
Investor Contact:Ted HaberfieldPresident, MZ Group – MZ
North AmericaHYRE@mzgroup.usWeb: www.mzgroup.us
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