On January 28, 2018, Michael Guthrie, Chief Financial Officer of TrueCar, Inc. (the “Company”), notified the Company that for personal reasons he will resign from his position as the Company’s Chief Financial Officer, effective February 1, 2018. John Pierantoni, the Company’s Chief Accounting Officer, will be assuming the additional role of Interim Chief Financial Officer, and as such will become the Company’s principal financial officer, effective February 1, 2018. Mr. Guthrie has agreed to provide consulting services to the Company for a four-month period following his departure in support of this management transition, during which consulting arrangement he will continue to vest in his equity awards.
Mr. Pierantoni has served as the Company’s Chief Accounting Officer since December 2013. Prior to joining the Company, Mr. Pierantoni was Vice President of Finance at Cornerstone OnDemand, Inc. Mr. Pierantoni has also served as Chief Accounting Officer of Ticketmaster Entertainment and was the Controller, Motion Picture Group of Paramount Pictures. In addition, he has 13 years of public accounting experience with PricewaterhouseCoopers, including two years in PwC’s London office.
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