“He was the chief architect in building a sustainable, scalable technology-driven operation from the ground up.” “Toby’s drive and passion are unparalleled, and it shows clearly in the way he serves, leads, and operates,” said Manish Patel, who has been on Shift’s Board of Directors since 2014. Laid out the company’s Mission, Vision, and Values as a foundation for a thriving company supported by a culture of leaders and innovators.Launched its differentiated brand marketing strategy deployed on a national scale.Revolutionized consumer inventory targeting with the first ever online car offer engine enabling Shift to be the only ecommerce platform with a full-spectrum of used vehicle selection.Redesigned its technology and operational infrastructure, shifting to a scalable operations team powered by proprietary back-end technology.
Built a leading digital consumer eCommerce product in the auto industry with the first ever paperless online financing platform.Delivered on hyper-growth from two regions to nine, with over 20-times annualized revenue growth, expanding from under 50 to over 1,200 employees.Since then, under Russell’s leadership, the Shift team has: In his first two quarters, Russell overhauled the business and re-positioned Shift onto a sustainable and scalable growth trajectory. His value to this business has been immeasurable.”Īfter co-founding Shift in 2013, Russell joined full-time in Nov. “From discovering the idea to helping us launch the company, and throughout his full-time role as Co-CEO, Shift would not exist today without Toby’s profound creativity, insight, and leadership. “It was Toby, back in 2011, who first thought that we should choose used car sales as a category for building our next company,” said Arison. The company is well positioned to rise to new heights with our extraordinary leadership team.” I am extremely grateful for and confident in the outstanding team and culture we have built at Shift. This is the right time for me to transition to a Board and advisory role, allowing me to focus on my family, bringing my two daughters - who currently live on opposite coasts - together back in Virginia. “After leading six straight years of growth, I couldn’t be more proud of the company we have built and the team we have assembled. “It has been an incredible journey to take Shift from an idea to a publicly traded eCommerce leader,” said Russell. 1, 2021 after a long career at Walmart and PayPal, and who reports to Arison. 4, 2021, the majority of Russell’s day-to-day operational responsibilities are transitioning to Shift's President, Jeff Clementz, who joined the company on Oct. George Arison, Co-founder and Co-CEO, will serve as sole CEO, effective Feb. Russell will continue to serve on the company’s Board of Directors and as Strategic Advisor to the company following his transition. (Nasdaq: SFT) and its Board of Directors announced today that Toby Russell will be stepping down as Co-CEO on Feb. 04, 2021 (GLOBE NEWSWIRE) - Shift Technologies, Inc.
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