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Posted 15 June, 2023

RumbleOn, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:RMBL in a 8-K filed on 15 June, 2023.


  On June 11, 2023, Marshall Chesrown, Chief Executive Officer ("CEO") and a director of RumbleOn, Inc. (the "Company" or "RumbleOn"), provided the Board of Directors of the Company notice of his resignation as CEO of the Company, which is effective on June 15, 2023.  

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Overview of RumbleOn, Inc.
Technology • Internet/Online
RumbleOn, Inc. engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks. The Vehicle Logistics and Transportation segment offers nationwide automotive transportation services between dealerships and auctions. The company was founded by Matthew A. Lane, Marshall Chesrown, and Steven Richard Berrard on October 24, 2013 and is headquartered in Irving, TX.
Market Cap
$268M
View Company Details
RumbleOn, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On June 11, 2023, Marshall Chesrown, Chief Executive Officer ("CEO") and a director of RumbleOn, Inc. (the "Company" or "RumbleOn"), provided the Board of Directors of the Company notice of his resignation as CEO of the Company, which is effective on June 15, 2023. Mr. Chesrown will continue to serve as a member of the Company's Board of Directors. The Board of Directors has formed an Executive Transition Committee to identify interim and permanent CEO candidates.


Before his departure, the Company was advised of certain allegations surrounding Mr. Chesrown's use of Company resources. The independent directors take all such allegations seriously and have hired independent counsel to assist in an investigation, which is ongoing. The Company has made no determination regarding the allegations and there have been no releases or other agreements with Mr. Chesrown as of the date of this filing.