IRVING, TX – June 27, 2024 – (Motor Sports NewsWire) – RumbleOn, Inc. (NASDAQ: RMBL), the nation’s largest powersports retailer, today announced key leadership changes to further its Vision 2026 strategy.
“We’re aligning our team to help us focus on the pillars of our strategic plan, which we call Vision 2026,” said Mike Kennedy, CEO of RumbleOn. “The first pillar includes running the best performing dealerships in America and the second is about expanding the impact of our RideNow Cash Offer tool to grow the pre-owned business. Today’s organizational changes specifically address our strategic efforts.”
“I believe that the best performing dealerships are aligned with their OEMs and are held to high performance standards by their owners and customers. Since our dealership footprint reaches all four corners of the country, it’s important that we have a consistent experience in every one of our 55 dealerships. That’s why we are partnering even more closely with our OEM partners and aligning the metrics by which we measure success.”
In the new structure, Cam Tkach has been promoted to Vice President of Dealership Operations. In this new role, Tkach will lead a national team focused on driving performance and operational excellence across RideNow’s dealership network. His eight direct reports have responsibilities for sales, marketing, parts, accessories and service.
Another current RumbleOn employee, Chase Vance, will now take responsibility for the RideNow Cash Offer tool, which is a key component of the company’s plan for growth in the pre-owned business across all of the company’s dealerships.
RumbleOn has also streamlined its regional marketing and support functions in favor of this nationwide structure. “I have told my team that we will be driven by a ‘composite culture,’ requiring all of our dealership GMs to share and compare their dealership performance with their RideNow peers,” continued Kennedy. “This approach will help all of our dealerships improve and move quickly in support of our strategic objectives.”
Lyle Kramper, a seasoned retail leader at RideNow and in his own dealerships, will take on the additional responsibility of leading the company’s “composite culture” initiative, which has already shown its value to the GM’s who are participating in the meetings.
“We are confident that these organizational changes will further strengthen our execution and drive RumbleOn’s success,” concluded Kennedy. “I expect that our OEM partners and our retail customers will appreciate our efforts to become a network of the best dealerships in the country.”
About RumbleOn
RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: the RideNow Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. RideNow Powersports is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 52 different brands of products. RideNow Powersports sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize our proprietary Cash Offer technology to acquire vehicles directly from consumers. To learn more, please visit us online at https://www.rumbleon.com.
Source: RumbleOn, Inc.
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