Getaround, the struggling car-sharing service, has announced the return of former executive Eduardo Iniguez to take over as the chief executive, replacing co-founder Sam Zaid. Zaid will transition to a member of the board, marking a significant change in leadership at the company.
Key Appointments
Along with the CEO transition, Getaround has appointed hedge-fund manager Jason Mudrick as the chairman of the board. Mudrick’s firm, Mudrick Capital, played a significant role in leading Getaround’s financing earlier this year with a $20 million investment.
Iniguez, 38 years old, is stepping back into his role at Getaround after serving as the chief financial officer at Silvus Technologies. Prior to his time at Silvus Technologies, Iniguez had a stint at HyreCar before managing the sale of its assets to Getaround. He then held the position of vice president of risk and strategy before leaving towards the end of last year.
Compensation Details
As part of his return, Iniguez is set to receive an annual base salary of $650,000 along with an annual bonus target set at 100% of his base pay, reflecting the company’s confidence in his leadership abilities.
