A soon-to-be public Richmond startup has nominated four industry leaders to its board, including three women.
In October, CarLotz announced that it was going public via a SPAC deal with blank check company Acamar Partners. The announcement followed a pattern of growth and profitability that began a decade ago for the local car resale startup.
Today, the company revealed that it has nominated four business leaders for its board.
- Linda Abraham, Managing Director of Crimson Capital. Prior to Crimson, Abraham co-founded the publicly-traded comScore, a company that measures the size and performance of media platforms. On the board, Abraham will serve as the chair of the compensation committee.
- Sarah Kauss, Founder and Chairwoman of S’well. S'well is the maker of stainless-steel water bottles and a consumer brand that has generated over $100M in revenue. Kauss will be a member of the board's audit and compensation committee.
- Kimberly Sheehy, previously the CFO with ResMan. ResMan is a provider of software solutions to multi-family residential property managers. For the CarLotz board, Sheehy will be a member of the nominating and corporate governance committee.
- James Skinner, retired Vice Chairman of Neiman Marcus Group. Skinner will chair the nominating and corporate governance committee for the company's board.
Abraham, Kauss, Sheehy and Skinner join chairperson Michael Bor and previous board members Steven Carrel, David Mitchell and Luis Solorzano.
“Linda, Sarah, Kimberly and James are all pioneers in their industries and bring a wide diversity of thinking and experience to CarLotz. We look forward to their energy, passion and wisdom as we continue our rapid growth," added founder and CEO Bor in a statement.
The board and public structure will help the startup reach its aggressive growth goals, which includes three-to-four new hubs per quarter over the next several years in major geographies in the U.S.
What makes CarLotz unique is that it operates a consignment, non-commission sales model, helping take the pain out of buying and selling used cars.
