#United States #Irving #RumbleOn #Quartieri #Tkach

RumbleOn, Inc. Implements Key Leadership Changes

On January 13, 2025, RumbleOn, Inc. (NASDAQ: RMBL), the foremost powersports retailer in North America, unveiled significant changes in its leadership team aimed at driving future growth and operational excellence. The changes were announced as part of RumbleOn's strategic initiative to strengthen its market position and enhance its operational capabilities.

New Leadership Structure

Michael Quartieri, who has been serving as the Chairman of the Board, has been appointed the new Chief Executive Officer. His tenure in executive roles, coupled with extensive strategic planning and strong financial skills, is seen as critical for steering the company toward its ambitious goals. Quartieri remarked, "With a strong leadership team in place, we aim to enhance our business strategy and continue our path towards greater market influence."

Cameron Tkach, previously the Vice President of Dealership Operations, has been elevated to Executive Vice President and Chief Operating Officer. Tkach brings over 15 years of experience in the powersports industry, having previously held various significant positions at RideNow Powersports, where he was instrumental in operational excellence.

Tkach expressed enthusiasm regarding his new role: "I am eager to leverage my operational and strategic expertise to improve RumbleOn's performance in the ever-competitive powersports industry. Working closely with Mike Quartieri and our leadership team, we are committed to achieving operational excellence."

Becca Polak, who was the Chair of the Compensation Committee on the Board, has been appointed as Vice Chairman and Lead Independent Director. She is recognized for her strategic acumen and her ability to drive business transformation. Polak voiced her excitement regarding the changes, stating, "The appointments of Mike and Cameron represent a strong commitment to accelerating RumbleOn’s success through strategic leadership."

Transition Considerations

As part of this leadership transition, Michael Kennedy has vacated his role as CEO and as a member of the Board. During his time, he contributed significantly to the company's vision and operations. Quartieri acknowledged Kennedy’s dedication, stating, “We appreciate Mike Kennedy’s contributions during his tenure and wish him all the best in his future endeavors.”

Focus on Growth and Profitability

The company has seen substantial progress in bolstering its balance sheet, particularly following the payoff of convertible notes earlier this month. Going forward, Quartieri emphasized the importance of growth and profitability while expressing a strong focus on solid cash flow management. RumbleOn, which operates through its Powersports dealership group and also includes Wholesale Express, serves as the largest retailer of powersports products in the United States, boasting more than 500 franchises covering 50 different brands.

In conclusion, these leadership changes at RumbleOn, Inc. signal a proactive approach to navigating the complexities of the powersports industry while maintaining an eye toward growth and operational mastery. Quality leadership not only facilitates a well-rounded operational focus but also enhances the company’s strategy in the fast-evolving market, promising an exciting future for RumbleOn and its stakeholders.

Let’s keep an eye on how these strategic modifications will unfold as RumbleOn continues its drive toward market leadership and innovation. For additional information on RumbleOn, visit rumbleon.com.