Summary by Moomoo AI
Getaround, Inc., a carsharing marketplace, has announced a significant leadership change with the appointment of Eduardo Iniguez as the new Chief Executive Officer, effective February 26, 2024. Iniguez, who has a robust background in strategic finance and corporate leadership, previously served as the CFO of Silvus Technologies and held various roles at HyreCar, Inc., including interim CEO. He also worked as VP of Risk & Strategy for Getaround and VP of Corporate Finance at AllClear Aerospace & Defense. Iniguez's appointment coincides with the company's strategic focus on growth and profitability. He succeeds Sam Zaid, a co-founder of Getaround, who will continue to serve on the Board of Directors. Alongside Iniguez's CEO role, Jason Mudrick of Mudrick Capital has been appointed Chairperson of the Board. The company has entered into an employment agreement with Iniguez, which includes a base salary, bonuses, equity compensation, and severance terms. Getaround has also provided standard indemnification to Iniguez. The company's press release emphasizes Iniguez's commitment to steering Getaround towards profitability and sustainable growth.