TrueCar Names Chip Perry Chief Executive Officer

TrueCar, Inc. (NASDAQ: TRUE) announced that Chip Perry, an online automotive pioneer and long-time industry leader, will become the company’s president and chief executive officer, effective December 15.

Perry was the first employee of AutoTrader.com in 1997 and served as its CEO from the company’s inception until 2013. While at the helm he guided the company’s evolution from a one-person startup into the world’s largest online automotive marketplace, with $1.5 billion in revenue, 20,000 dealer customers, 16 million monthly unique visitors and 3,500 employees.
Perry oversaw AutoTrader’s creation of an array of transformative digital solutions that have helped thousands of dealers grow their presence online.

Most recently, he has been president and CEO of Atlanta-based RentPath LLC, parent company of ApartmentGuide.com and Rent.com.

Scott Painter, TrueCar’s founder, will formally step down as CEO and also resign his positions as TrueCar’s chairman and as a member of the company’s board of directors, effective December 15.

TrueCar, Inc. (NASDAQ: TRUE) is focused on providing consumers what it terms “transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers.” TrueCar’s network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience.

Category: People