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Shares of Powersports platform RumbleOn, Inc. (NASDAQ:RMBL) are trading lower in premarket on Wednesday.
The company has made changes in its leadership team, including the departure of two senior executives. On March 31, 2025, Chief Financial Officer Tiffany Kice and Chief Legal Counsel Brandy Treadway have been issued termination notices, set to take effect on April 2, 2025.
In line with their respective employment agreements, the company anticipates reaching separation agreements with both individuals. The company did not disclose any reasons for the terminations.
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Following Kice’s exit, Michael Quartieri, who serves as Chairman of the Board and Chief Executive Officer, will take on the additional role of Interim Chief Financial Officer.
In January, Michael Quartieri, Chairman of the Board, was appointed Chief Executive Officer, replacing Michael Kennedy.
RumbleOn’s fourth-quarter revenue declined 13.4% to $269.6 million, and the net loss narrowed to $56.4 million from a net loss of $168.5 million last year.
Price Action: RMBL shares traded lower by 4.83% at $2.56 in premarket at last check Wednesday.
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Posted In: RMBL
