Former CARS CFO returns to company in same role

Sonia Jain is returning to as chief financial officer on Oct. 17 after stepping down from that position in April to pursue another career opportunity.

Jandy Tomy has been interim CFO since April and will remain with CARS as executive vice president of finance and treasurer.

“We are thrilled to have Sonia back as we continue to invest for sustainable growth,” CARS CEO Alex Vetter said in a news release.

“I’m confident that Sonia’s deep experience in retail, tech and financial management will help advance our platform strategy, driving growth and incremental shareholder value,” Vetter said.

He added: “On behalf of the executive team and the board, I want to thank Jandy for her excellent leadership as interim chief financial officer. I look forward to partnering with Jandy as she continues to play an integral role within our finance organization and at CARS.”

Jain’s background includes time as CFO with Redbox and was vice president of finance and treasurer at Outerwall, in addition to roles as an investment banker at Morgan Stanley and a consultant at McKinsey & Co.

“The strength of the CARS business and its track record for growing market leadership and leading industry innovation represents a clear and compelling opportunity,” said Jain. “The company’s strong free cash flow profile, solid margins and consistent growth across revenue, traffic and customers all signal stability and continued momentum. I’m eager to rejoin the talented team at CARS.”

Source Article