TrueCar Appoints Brendan Harrington to its Board of Directors

SANTA MONICA, Calif., Nov. 1, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ:TRUE) announced the election of Brendan Harrington, General Manager of Capistrano Valley Toyota, to its Board of Directors. In addition, Wesley Nichols resigned from the Board. Both changes were effective on October 27, 2022.

After these changes, TrueCar's Board remains comprised of eight directors, three of whom are women and seven of whom are independent.

Mr. Harrington has extensive experience in automotive retail. He currently serves as General Manager of Capistrano Valley Toyota in San Juan Capistrano, California. From 2018 through 2020, Brendan served as the Chief Operating Officer of Penske Motor Group, which operates automobile dealerships in California and Texas. He previously held several leadership roles at Penske Motor Group beginning in 2003, including President and General Manager of Longo Toyota & Scion, the largest car dealership and the number one Toyota dealership in the U.S. for 50 straight years. He also served in product-related roles for Mercedes-Benz USA and Nissan North America. Mr. Harrington has a B.A. from Georgetown University and an M.A. from Stanford University.

"We are excited to welcome Brendan to TrueCar's Board of Directors. His success with leading high-performing dealerships combined with his OEM experience make him a great addition to our Board," said Mike Darrow, President and Chief Executive Officer of TrueCar. "We look forward to his insights and contributions as TrueCar continues to work with our Certified dealer network and OEM partners toward delivering a modern marketplace that brings the car buying experience online."

TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our

marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including AARP, Sam's Club, Navy Federal Credit Union and American Express.

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SOURCE TrueCar.com