AutoWeb Appoints Dan Ingle to Chief Operating Officer
Ingle brings more than two decades of automotive and technology related experience to
Prior to Cox, Ingle was the director of information technology at CapitalOne Auto Finance, where he managed a technology project portfolio that included a direct to consumer loan originations platform as well as a loan servicing system. He has also held positions with PeopleFirst.com,
“Dan’s operational capabilities and extensive insight into the digital automotive marketing landscape will be a strong asset for our executive team,” said
Ingle commented on his appointment: “AutoWeb’s marketing platform provides dealers and OEMs with the necessary advertising solutions to sell vehicles in a dynamic digital landscape. I plan to utilize my experience in managing digital platforms to further enhance AutoWeb’s solutions and ensure we are effectively utilizing our people, technology and data to drive growth and deliver measurable value for our clients.”
Ingle has served on the board of directors of JingZhenGu, a Chinese vehicle valuation business, as well as the board of Molicar, a Brazilian vehicle valuation business. He holds a Bachelor of Business Administration in Management Information Systems from
As an inducement for joining the company, Ingle was granted options to acquire 165,000 shares of the company’s common stock at an exercise price equal to
The options have a term of seven years, and one-third of the options will vest on the first anniversary of the grant date and one thirty-sixth of the options shall vest on each successive monthly anniversary of the grant date for the following twenty-four months. Vesting of the options will accelerate upon the occurrence of certain events, including upon a change in control of the company or upon termination of the grantee’s employment by the company without cause or by the grantee for good reason.
Investors and other interested parties can receive
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Source: AutoWeb, Inc.