Getaround Announces Promotion of AJ Lee as COO
March 11 2024 - 8:00AM
Business Wire
Lee brings executive experience across several
functions to execute Getaround’s business priorities
Getaround (NYSE: GETR) (“Getaround'' or “the Company”), the
world’s first connected carsharing marketplace, today announced the
promotion of AJ Lee, Getaround’s former General Manager of Gig, to
Chief Operating Officer. In this role, Lee will report to Getaround
CEO Eduardo Iniguez, to accelerate the Company's growth and path to
profitability. Lee will have broad responsibilities including
operations, marketing, sales and other functions to drive
operational excellence across the Company.
Lee joined the Company as the General Manager of Gig following
Getaround’s acquisition of HyreCar, Inc.’s assets in May 2023. In
that role, he had direct P&L ownership of Getaround’s Drive
With Uber program as well as the HyreCar business. Lee brings an
established track record of driving results to the COO role, having
previously served as Senior Vice President of Growth at Airspace, a
global AI-powered logistics platform where he built and optimized
revenue functions for scale in the U.S. and Europe. Previously, he
served in senior roles in strategy, operations and marketing at
technology companies including NEXT Trucking and Amazon.
“I’m excited to work closely with AJ once again,” said Iniguez.
“During our previous collaboration, AJ drove growth and margin
improvements quickly with a unique ability to build lean,
high-performing teams, balance strategic growth initiatives with
cost-efficiency measures, and develop impactful features and
products for customers. I am confident that his hands-on approach
to business transformation will accelerate the company’s path to
sustainable profitability.”
“It's an honor to be appointed as Getaround’s COO where my focus
will be on establishing strong financial discipline and driving
operational efficiencies, allowing us to invest in our future
growth,” said Lee. “I look forward to rolling up my sleeves
alongside such a talented and dedicated team, and I'm confident
that together, we can move fast, execute effectively, and deliver
value for our car owners, renters and investors.”
About Getaround
Offering a 100% digital experience, Getaround (NYSE: GETR) makes
sharing cars and trucks simple through its proprietary cloud and
in-car Connect® technology. The company empowers consumers to shift
away from car ownership through instant and convenient access to
desirable, affordable, and safe cars from entrepreneurial hosts.
Getaround’s on-demand technology enables a contactless experience —
no waiting in line at a car rental facility, manually completing
paperwork or meeting anyone to collect or drop off car keys.
Getaround’s mission is to utilize its peer-to-peer marketplace to
help solve some of the most pressing challenges facing the world
today, including environmental sustainability and access to
economic opportunity. Launched in 2011, Getaround is available
today in more than 1,000 cities across the United States and
Europe. For more information, please visit
https://www.getaround.com/.
Forward-Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally relate to
future events, such as statements by Getaround’s chief executive
officer and chief operating officer, statements regarding the
Company’s expected performance, its “path to profitability”,
“sustainable growth”, and “delivering value to car owners, renters
and investors”. In some cases, you can identify forward-looking
statements by terminology such as “intends,” “plans,” and “will,”
or the negative of these terms or variations of them or similar
terminology. We have based these forward-looking statements on our
current expectations and assumptions and analyses made by us in
light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate under the circumstances.
However, whether actual results and developments will conform with
our expectations and predictions is subject to a number of risks
and uncertainties, many of which are beyond our control, including
the Company’s ability to continue to comply with applicable listing
standards of the NYSE; and the other factors under the heading
“Risk Factors” in our Annual Report on Form 10-K filed with the SEC
on November 16, 2023, and in other filings that the Company has
made and may make with the SEC in the future. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements. The actual results or developments
anticipated may not be realized or, even if substantially realized,
they may not have the expected consequences to or effects on the
Company or our business or operations. Such statements are not
intended to be a guarantee of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which are made only as of the
date hereof. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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