Getaround Announces Promotion of AJ Lee as COO, Aims for Growth and Profitability
Facts:- Getaround, the world’s first connected carsharing marketplace, has announced the promotion of AJ Lee, former General Manager of Gig, as the Chief Operating Officer (COO).- In this new role, Lee will report to Getaround CEO Eduardo Iniguez and will be responsible for accelerating the company’s growth and path to profitability.- Lee’s responsibilities will include operations, marketing, sales, and other functions aimed at driving operational excellence.- Getaround Inc has recorded a cumulative net loss of $-216 million in the twelve months ending in the third quarter of 2023, resulting in a negative return on equity (ROE) of -547.49%.- Compared to other companies in the Rental & Leasing industry, 20 firms have achieved a higher return on equity.- The total ranking for Getaround’s return on equity has worsened from 0 to 4145 compared to the second quarter of 2023.
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