TrueCar Co-Founder to Retire as CEO, Remain as Board Chairman
This article is for subscribers only.
TrueCar Inc. co-founder Scott Painter will step down as chief executive officer later this year, after taking the provider of vehicle pricing and data public in 2014.
Painter will remain as the Santa Monica, California-based company’s chairman, according to a statement Thursday. He has held both positions since 2005, when he helped start TrueCar. A board committee is searching for a new CEO, and Painter plans to retire when his successor takes office.