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Thursday 23 March 2017
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Update: Another TrueCar Departure

Update: Another TrueCar Departure

The turmoil continues at TrueCar. Larry Dominique, executive vice president of industry solutions at TrueCar, is leaving at the end of the year. It’s the latest executive departure at the online shopping site.

Dominique, who is 53, is leaving to “pursue new opportunities and we wish him well,” says spokesman Alan Ohnsman. TrueCar says it will name his successor soon.

Dominique joined the company from Nissan North America in 2011 and is president of the company’s Automotive Lease Guide division. It oversees the gathering and analyzing of industry data and provides residual value forecasting for OEMs and other clients.

Dominique spent 17 years at Nissan and Infiniti, where he rose through the ranks to become vice president for product planning and strategy for Nissan Americas. Before that, he worked at Chrysler and got his start in the business at General Motors in 1984.

TrueCar is also nearing the end of its search for a new CEO to replace Scott Painter. The founder and CEO stepped down in August. Mike Guthrie, TrueCar’s CFO, has been at the helm in the interim.

Meanwhile, John Krafcik, former TrueCar president and Hyundai Motor America CEO,  left TrueCar in September to become the CEO of Google’s self-driving car project.

TrueCar closed the third quarter with an $11.1 million net loss, but reported record vehicle sales through its digital channels.