![]() Shift is a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. His value to this business has been immeasurable.” ![]() “From developing the idea to launching the company, and throughout his nearly a decade leading at Shift, the company would not exist today without his energy, creativity and drive. “George was the key leader in starting Shift,” said Toby Russell, Shift’s Co-Founder, current board member, and former CEO. He has a knack for nurturing executives to grow and tap into their true potential as leaders,” said Manish Patel, Shift Director since 2014. George has demonstrated time and time again his ability to recruit top talent who can work together to build something special under his leadership. “I’ve had the pleasure to observe George’s growth as a founder who can set audacious goals into a CEO who can build a team to make those goals happen. It has been a pleasure to partner with him in helping him bring his vision to life.” “This skill has been invaluable to Shift, as is once again evident in the CarLotz merger we announced today. “One of George’s strengths as a CEO is his ability to take disruptive entrepreneurial ideas, combine them with data, and then distill it into actionable strategic insight, whether it comes to product, operations, relationships, or capital raising,” said Adam Nash, Shift seed investor since 2013 and Director. On behalf of the entire Shift board, we’d like to thank George for his dedication to Shift over these many years.” “Under George’s leadership Shift has built a disruptive, customer centric business that is well positioned to grow and prosper in the years to come. “Over the decade taking Shift from a startup based in his living room to a publicly listed company on Nasdaq, what stands out about George is his incredible grit and perseverance, always overcoming whatever challenges the company may face and refusing to give up,” said Emily Melton, Shift’s lead independent Director who has been on the board since 2014. Several members of Shift’s Board of Directors made the following statements about Arison: It is an exciting time to be leading our fantastic team as we continue to execute on this vision to disrupt the used auto retail industry and provide customers with a simple, seamless way to buy and sell used cars.” I joined Shift because I believe that we are building the most customer centric car-buying and selling experience with outstanding technology, operations, and a cost-conscious retail mindset. Jeff Clementz, current President and incoming CEO of Shift said, “I’m honored to be taking on the role of CEO during this pivotal time for Shift. Of his transition, Arison said, “this is the right move at this stage in my life, and I am excited that we have the right leader at the helm, whose success I will support in every way I can.” The board is promoting Jeff with full confidence in his abilities to lead Shift to a great, profitable future.” ![]() He is extremely well positioned to succeed as CEO. Jeff has played an instrumental role in driving the new business focus areas we announced today, as well as our M&A with Fair and CarLotz. ![]() “To that end, we recruited Jeff Clementz, a strong leader with deep experience in technology and retail, as our President. “Over the years, as a Board, we’ve had many conversations about what Shift needed in its next CEO,” continued Arison. I am so grateful to my co-founders, investors, and team members who believed in our vision and gave it their all to bring it to fruition, and especially to my husband and children, for sharing me with Shift, which is like my first born child,” said Arison. “Building your own company is an incredible journey, especially for a kid born in the USSR, where private enterprise was illegal. Since then, Shift has met or exceeded 27 of the 29 guidance metrics it has provided as a public company. In 2020, Arison became by all accounts the first ever openly gay founder-CEO to take an American company public. Since then, Shift has served over 100,000 customers and generated approximately $2 billion in cumulative revenue. Arison will continue in his role as Chairman of the Board of Directors.Īrison started Shift in 2013. (Nasdaq: SFT) and its Board of Directors announced today that Co-Founder and CEO George Arison will be stepping down as CEO effective September 1, 2022, and will be succeeded by the President of Shift, Jeff Clementz. 09, 2022 (GLOBE NEWSWIRE) - Shift Technologies, Inc. Current President Jeff Clementz Appointed CEO and Member of the Board of Directors Effective September 1 ![]()
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