AutoWeb Appoints Scott Edwards – GuruFocus.com

AutoWeb Appoints Scott Edwards – GuruFocus.com

TAMPA, Fla., Feb. 07, 2022 (Globe NEWSWIRE) — AutoWeb, Inc. ( Automobile), an automotive matchmaking

TAMPA, Fla., Feb. 07, 2022 (Globe NEWSWIRE) — AutoWeb, Inc. ( Automobile), an automotive matchmaking system connecting in-market motor vehicle customers to their chosen motor vehicle transactions, has appointed Scott Edwards as senior vice president, digital advertising and marketing functions. In this new part, he will be dependable for producing, implementing and optimizing AutoWeb’s search motor marketing and advertising, electronic advertising and marketing, direct operations and digital promoting alternatives. Edwards’ appointment to the new posture is productive right now.

AutoWeb has also promoted Brett Nanigian from his recent role to senior vice president, products and know-how. In addition to leading the Products and Engineering groups, he will get on management for the remaining Technologies perform in the corporation.

“We are thrilled about the fresh perspective and entrepreneurial strategy that Scott provides to this important position, and the outstanding position Brett has finished top our item innovation,” mentioned Dan Ingle, COO of AutoWeb. “As we proceed to boost our alternatives for today’s evolving automotive market place, we count on their blended experience to establish on AutoWeb’s legacy of digital promoting solutions and align our capabilities with the company’s enlargement into vehicle acquisition.”

Edwards delivers more than a ten years of working experience in e-commerce merchandise and electronic marketing working with both automotive and customer-experiencing models. He most lately served as vice president, merchandise and development advertising at Vokal, a digital and growth consultancy concentrated on the full products lifecycle from innovation to optimization and scale. As element of the govt leadership team there, he led and had responsibility for the financial gain and reduction (P&L) for the organization—including solution, development marketing and advertising, layout and engineering—and applied new tests methodologies to increase its growth opportunity.

Edwards also delivers with him really appropriate experience in the automotive marketplace, possessing served as director of electronic promoting and item at Detroit Investing Co., the place he labored with Fortune 500 automotive corporations to deliver digital initially methods, even though optimizing the revenue funnel, decreasing price tag per sale and increasing profits era. He has held further digital advertising and marketing management positions at Gordon Food Assistance, GrowLife, Inc. and SM Administrators.

Nanigian joined AutoWeb in 2019 as vice president, item, and is responsible for the strategic way, ideation, design and style, advancement and improvement of AutoWeb’s product or service portfolio—with a concentration on speed to current market and generating audio product investments that support progress. Prior to AutoWeb, he put in much more than a ten years in leadership roles at Cox Automotive, wherever he held several positions directing product and operations approaches. In his most latest job there, he had total responsibility for the approach, enhancement and functions of Kelley Blue Reserve motor vehicle values and valuation-linked solutions, and implemented operational enhancements to its Prompt Dollars Offer product or service, a vital profits growth driver. He also spearheaded a variety of transformative endeavors to improve monetization for the business. Prior to his time at Cox Automotive, Nanigian put in virtually a 10 years in many technologies roles for Inforte Corporation and Elan Company plc. He began his occupation working for the Larry H. Miller Dealerships.

Inducement Selections
As an inducement for becoming a member of the business, Edwards was granted possibilities to purchase 50,000 shares of the company’s typical inventory, at an exercise value per share equal to today’s closing selling price of the popular stock on The Nasdaq Capital Marketplace. The alternatives will have a time period of seven several years. Just one third of the options will vest on the very first anniversary of the grant day, and 1/36th of the possibilities shall vest on each and every successive regular anniversary of the grant day for the subsequent 24 months. Vesting of the selections will speed up on a change in control of the organization (unless of course the selections are assumed or substituted by a successor entity).

About AutoWeb, Inc.
AutoWeb, Inc. presents high-high-quality shopper potential customers, clicks and affiliated advertising solutions to automotive dealers and suppliers during the United States. The enterprise also delivers customers with robust and authentic online automotive material to enable them make informed car or truck-shopping for selections. The organization pioneered the automotive Internet in 1995 and has considering the fact that aided tens of hundreds of thousands of automotive customers investigation automobiles linked 1000’s of dealers nationwide with enthusiastic vehicle buyers and has served each key automaker industry its manufacturer on the internet.

Ahead-Searching Statements Disclaimer
The statements contained in this press launch that are not historic facts are forward-seeking statements beneath the federal securities legislation. Phrases these as “anticipates,” “could,” “may,” “estimates,” “expects,” “projects,” “intends,” “pending,” “plans,” “believes,” “will” and terms of related substance, or the adverse of those words and phrases, utilized in connection with any dialogue of potential functions or monetary performance discover ahead-looking statements. In distinct, statements concerning anticipations and alternatives, new products expectations and capabilities, projections, statements about future functions, and our outlook with regards to our efficiency and advancement are forward-searching statements. These ahead-searching statements, including that as the business proceeds to greatly enhance its options for today’s evolving automotive sector, the firm expects the mixed know-how of Scott Edwards and Brett Nanigian to create on the company’s legacy of electronic advertising items and align the company’s abilities with the company’s enlargement into automobile acquisition, are not ensures of future functionality and require assumptions and challenges and uncertainties that are tricky to predict. Actual outcomes and benefits may perhaps differ materially from what is expressed in, or implied by, these forward-on the lookout statements. AutoWeb undertakes no obligation to update publicly any ahead-wanting statements, irrespective of whether as a final result of new details, foreseeable future occasions or usually. Amongst the important things that could bring about genuine results to vary materially from those expressed in, or implied by, the forward-searching statements are the responses of federal and point out govt to the COVID-19 pandemic improvements in common economic ailments the economical affliction of car makers and dealers disruptions in auto supply chains and manufacturing modifications in fuel price ranges the financial affect of terrorist assaults, political revolutions, army steps, or all-natural disasters (these kinds of as floods, earthquakes, tornadoes and hurricanes and pandemics and epidemics) failure of AutoWeb’s net safety actions the economic effect of epidemics and pandemics supplier attrition pressure on vendor costs increased or unexpected competition the failure of new products and solutions and providers to meet expectations failure to keep critical staff members or bring in and combine new staff precise charges and costs exceeding charges taken by AutoWeb improvements in regulations and rules charges of legal issues, together with, defending lawsuits and undertaking investigations and related matters and other matters disclosed in AutoWeb’s filings with the Securities and Exchange Commission. Buyers are strongly encouraged to critique the company’s Annual Report on Form 10-K for the 12 months ended December 31, 2020 and other filings with the Securities and Trade Commission for a discussion of threats and uncertainties that could have an effect on the business, functioning outcomes or monetary affliction of the company and the marketplace price tag of the company’s stock.

Company Speak to:
Beth P. Quezada
Communications & Lifestyle Supervisor
AutoWeb, Inc.
949-862-1391
[email protected]

Trader Relations Call:
Cody Cree or Jackie Keshner
Gateway Investor Relations
949-574-3860
[email protected]

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