NXCR Announces Complete Senior Management Team Ahead of Product Launch and Acceleration Phase
NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform for dealers, automakers, and third-party listing sites, announced seven key management appointments as part of its product and technology launch and acceleration phase.
“Company building starts with being able to attract and retain the best talent. Given the capital intensity of vehicle subscriptions and the sheer potential of the automotive market at this time, we have taken the unique approach of recruiting and hiring a world-class public company ready executive team right at the onset,” said Scott Painter, Founder & CEO of NXCR.”
“These senior leadership hires are about creating the IP and putting in place the systems that result in high quality, reliable, and profitable revenue that will become the foundation for scaling subscriptions for our partners and clients,” continued Painter.
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Jim Nguyen, President and Chief Operating Officer: Jim oversees all operational aspects of NXCR, leading the development and implementation of systems and business processes to scale subscriptions profitability. Jim was a Co-Founder of TrueCar in 2005 where he held multiple executive and leadership roles across the organization, including Chief Financial Officer, EVP of Corporate and Business Development, EVP of Partner Development & Marketing. In 2015 he was appointed President of ALG, Inc., the industry benchmark for determining the future resale value of a vehicle (now part of J.D. Power). Prior to TrueCar, Jim held senior roles at enterprise software, internet, telecom, consulting and global automotive companies, including Deloitte & Touche and Toyota.
Kash Sheikh, Chief Financial Officer: Kash is responsible for the finance and accounting functions, and securing the necessary upstream capital resources and the systems and processes to support the profitable growth of NXCR’s global subscriptions platform. Kash brings to NXCR over two decades of investment and governance experience. He has led a number of M&A transactions and has been involved in several IPOs. He led two private family investment companies leading direct and indirect investments in tech, venture and private equity. Earlier in his career he led a group responsible for identifying efficiencies within Toyota’s U.S. business operations. He began his career as a CPA at Arthur Andersen LLP.
Joseph Chang, Chief Revenue Officer: In his role as CRO at NXCR, Joseph is predominantly responsible for controlling revenue quality, ensuring the reliability and predictability of subscription revenue as a payments platform. Joseph has eight years of private equity and 12 years of global investment banking experience, including serving as Head of the Beijing Office and Head of China cross-border M&A at Houlihan Lokey. His Wall Street tenure resulted in over $25 billion in transactions across numerous industries in M&A, leveraged finance, and corporate finance.
Georg Bauer, Co-Founder of Fair and auto finance executive at Mercedes Benz Financial, BMW Financial and Tesla Financial, joined the NXCR in January as Co-Founder, President and Vice Chairman of the Board.
NXCR’s launch team is rounded out by a dozen product managers, software developers, data scientists and legal and regulatory compliance experts.
“NXCR is not a typical startup. My partners and I have a consistent and proven track record of company building. Building a vehicle subscription platform on the heels of building Fair means the results will be faster speed, higher quality and lower cost,” added Painter.
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