Cars.com Inc. (CARS), the leading automotive marketplace platform that provides a robust set of digital solutions, announced the resignation of Sonia Jain, Chief Financial Officer, effective April 15, 2022.
Jain will be leaving the Company to pursue a new opportunity with a pre-IPO, venture capital-backed company, a statement said.
“On behalf of the CARS team, I want to thank Sonia for her contributions to the Company and wish her well in her new endeavor. She leaves behind a strong Finance organization and a deep bench of talented Finance executives,” said Alex Vetter, Chief Executive Officer of CARS.
The Company has appointed Jandy Tomy, Vice President and Treasurer, to serve as interim CFO. Tomy has been at CARS since March 2017 and has more than 20 years of public company experience in various financial and accounting roles. She previously served as CARS CFO from Jan. 2020 through June 2020. A nationally-recognized search firm has been retained to fill the permanent CFO position.
“I look forward to collaborating with Jandy in her CFO role once again and leveraging her many years of CARS financial leadership as the Company’s strategy continues to deliver sustainable growth,” continued Vetter. “The Board and I are fortunate that Jandy is able to seamlessly step in and lead our talented Finance team during the search for a permanent CFO.”
Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers.
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