TrueCar names Oliver Foley CFO, shifts Jay Ku to CRO, promotes Lisa Hess to Head of Sales

TrueCar, Inc.

Oliver Foley appointed CFO, effective Oct 30, 2023; base salary $400K, signing bonus $75K, RSU grant of 150K shares, PSU grant of 224,493 shares.
Teresa Luong terminated without cause effective Oct 2, 2023; anticipated separation agreement with severance under her employment agreement.
CEO Jantoon Reigersman named interim principal financial officer until Foley assumes role.
Jay Ku transitions from Chief Commerce Officer to Chief Revenue Officer, overseeing dealer sales, wholesale, affinity, and OEM solutions.
Lisa Hess promoted to Head of Sales from VP of Major Accounts; reports to Ku.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Jantoon Reigersman

Interim Principal Financial Officer and Principal Accounting Officer

TrueCar, Inc.

Filed: September 26, 2023, 7:59 PM ET

the Board designated Jantoon Reigersman, the Company’s President and Chief Executive Officer, as the Company’s interim principal financial officer and principal accounting officer, to serve until Mr. Foley assumes such positions.

Appointed

Oliver Foley

Chief Financial Officer

TrueCar, Inc.

Effective: 2023-10-30
Filed: September 26, 2023, 7:59 PM ET

On September 26, 2023, TrueCar, Inc. (the “Company”) announced that it had appointed Oliver Foley as its Chief Financial Officer on September 23, 2023, to be effective as of October 30, 2023

Departed

Teresa Luong

Chief Financial Officer

TrueCar, Inc.

Effective: 2023-10-02
Successor: Oliver Foley
Filed: September 26, 2023, 7:59 PM ET

On September 23, 2023, the Company terminated without cause the employment of Teresa Luong, the Company’s Chief Financial Officer, effective October 2, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jantoon Reigersman was appointed as Interim Principal Financial Officer and Principal Accounting Officer at TrueCar, Inc..

Action: designated
Role: Interim Principal Financial Officer and Principal Accounting Officer

Exact text from the filing

the Board designated Jantoon Reigersman, the Company’s President and Chief Executive Officer, as the Company’s interim principal financial officer and principal accounting officer, to serve until Mr. Foley assumes such positions.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Oliver Foley was appointed as Chief Financial Officer at TrueCar, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 26, 2023, TrueCar, Inc. (the “Company”) announced that it had appointed Oliver Foley as its Chief Financial Officer on September 23, 2023, to be effective as of October 30, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Teresa Luong departed as Chief Financial Officer at TrueCar, Inc..

Action: terminated without cause
Role: Chief Financial Officer

Exact text from the filing

On September 23, 2023, the Company terminated without cause the employment of Teresa Luong, the Company’s Chief Financial Officer, effective October 2, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001327318-23-000033

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