Shift Technologies, Inc. Announces Executive Changes, Effective October 1, 2021
September 30, 2021 at 09:27 am EDT
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On September 30, 2021, Shift Technologies, Inc. announced that Jeff Clementz will become the Company’s President, effective October 1, 2021. In connection with Mr. Clementz’s appointment, Tobias Russell stepped down from this role as President and will remain the Company’s Co-Chief Executive Officer. Clementz brings over twenty years of experience leading global hyper-growth payments and marketplace businesses. Mr. Clementz, previously served in various management positions at Walmart from October 2015 to September 2021, most recently serving as Senior Vice President and General Manager of Marketplace and Partner Operations.
Shift Technologies, Inc. is a consumer-centric omnichannel retailer transforming the used car industry by leveraging its end-to-end e-commerce platform and retail locations to provide a technology-driven, hassle-free customer experience. The Companyâs segments include Retail and Wholesale. The Retail segment represents retail sales of used vehicles through the Companyâs e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, such as vehicle service contracts, asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler (DTW). Its technology platform provides a seamless consumer experience for buying a car from the search and discover experience on the website to a seamless digitally driven purchase transaction, including financing and vehicle protection products.
SHIFT TECHNOLOGIES, INC. 