IRVINE, Calif., March 08, 2018 (GLOBE NEWSWIRE) — AutoWeb, Inc. (Nasdaq:AUTO), a pioneer and leading provider of digital automotive services connecting in-market car buyers with dealers and OEMs, has announced that the board of directors is initiating an executive management succession process to appoint a new chief executive officer and chief financial officer.
After more than a decade of leading AutoWeb and 20 years on its board of directors, president and CEO Jeffrey Coats will be stepping down to begin the next chapter of his life, following completion of the board’s process and the appointment of a new president and CEO in the coming months.
In addition, Kimberly Boren will be stepping down as CFO to pursue another opportunity, effective April 12, 2018.
AutoWeb Chairman, Michael Fuchs, commented: “I would like to thank both Jeff and Kim for their many years of service and dedication to AutoWeb. Jeff has been an exceptional CEO for more than a decade and a valued board member since 1996. Our board firmly believes that AutoWeb remains in a strong market position, and we look forward to continuing to work with Jeff to assist a new president and CEO during the transition.”
Effective April 13, 2018, Wesley Ozima will assume the role of interim chief financial officer as the company searches for a new permanent CFO. Wes has served as the company’s senior vice president, controller since January 2017 and as principal accounting officer since 2009, overseeing all functions of accounting throughout the company.