SAN FRANCISCO - Getaround, the connected carsharing marketplace listed as NYSE: GETR, has announced significant leadership changes with Eduardo Iniguez taking the reins as CEO effective immediately. Iniguez, who previously served as the company's Senior Vice President of Finance, Risk & Strategy and CFO at Silvus Technologies, also joins the Getaround Board of Directors.
Concurrently, Jason Mudrick, founder and CIO of Mudrick Capital, has been appointed Chairperson of the Board. The outgoing CEO, Sam Zaid, will maintain an active role within the company as a board member.
Iniguez's appointment comes at a crucial juncture for Getaround, which is currently focusing on optimizing its operations for enhanced shareholder value and customer satisfaction. Iniguez's extensive background in strategic finance and his experience with Getaround and other technology firms are expected to be instrumental in driving the company towards its goals. His previous leadership roles include CEO and CFO at HyreCar Inc., where he oversaw the successful sale of its assets to Getaround in May 2023.
In a statement, Iniguez expressed his enthusiasm about returning to Getaround and his commitment to positioning the platform as a leading choice for car owners and renters. He emphasized his focus on growth and profitability for the company.
Mudrick, whose firm led Getaround's financing round in January 2024, praised Iniguez for his transformative leadership and passion for carsharing. He also acknowledged Zaid for his dedication to the company since its inception.
Getaround, founded in 2011, offers a fully digital carsharing service through its proprietary technology. The company's mission includes addressing environmental sustainability and providing economic opportunities. It operates in over 1,000 cities across the United States and Europe.
The press release also contained forward-looking statements regarding Getaround's anticipated performance and profitability. However, these statements are subject to risks and uncertainties, and actual results may differ. The information in this article is based on a press release statement from Getaround.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.