Vroom appoints Tom Shortt as CEO alongside Robert Mylod as Executive Chair

– USA, NY –  Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced the appointment of COO Tom Shortt to its Board of Directors as CEO, effective immediately, succeeding Paul Hennessy, who has stepped down.

Concurrently, Board Chair Robert Mylod will become Executive Chair.

“Tom Shortt is a transformational leader who has already made a huge impact on our business and operations since he joined Vroom in January. He has used his substantial experience in business transformation, supply chain management, and data analytics to address our immediate operational challenges and improve our business processes. He is now relentlessly focused on putting Vroom on a path that will yield significant operating efficiencies through increased automation. He is the right person at the right time to take the wheel at Vroom and drive us towards profitable growth and shareholder value creation. I could not be more excited to be in a position to help Tom achieve these critical goals.” said Board Chair, Robert Mylod.

About Vroom

Vroom is an innovative, end-to-end eCommerce platform that offers a better way to buy and a better way to sell used vehicles. The Company’s scalable, data-driven technology brings all phases of the vehicle buying and selling process to consumers wherever they are and offers an extensive selection of vehicles, transparent pricing, competitive financing, and contact-free, at-home pick-up and delivery.

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