RumbleON announces resignation of CEO Marshall Chesrown

According to a regulatory filing, on June 11, 2023, Marshall Chesrown, Chief Executive Officer and a director of RumbleOn, Inc., provided the Board of Directors of the Company notice of his resignation as CEO of the Company, which is effective on June 15, 2023. Mr. Chesrown will continue to serve as a member of the Company’s Board of Directors. The Board of Directors has formed an Executive Transition Committee to identify interim and permanent CEO candidates. Before his departure, the Company was advised of certain allegations surrounding Mr. Chesrown’s use of Company resources. The independent directors take all such allegations seriously and have hired independent counsel to assist in an investigation, which is ongoing. The Company has made no determination regarding the allegations and there have been no releases or other agreements with Mr. Chesrown as of the date of this filing.