TrueCar founder to step down as CEO, will remain board chair

06 Aug 2015

Scott Painter, founder of car-shopping site TrueCar, will step down as CEO some time this year, the company said upon release of its second-quarter report (NASDAQ:TRUE). He will remain chair of the company’s board of directors.

“After a decade of building TrueCar from an idea into a public company, I have come to the conclusion reached by many founders and entrepreneurs in my position:

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