The company announced it has hired Dave Jones as CFO. Jones, 49, worked at Penske Automotive Group for more than a decade, where he was most recently CFO. Vroom appointed Dennis Looney as chief supply chain officer. Looney, 56, had been chief supply chain and procurement officer at hardware supplier Prime-Line. Vroom also appointed Mitch Berg to the role of chief technology officer. Berg, 56, is former senior vice president of technology for ad tech at video-sharing technology platform Dailymotion.
The investment from AutoNation, the largest new-vehicle retailer in the U.S., is a sign of "validating our model," Hennessy said. The AutoNation funding was announced in October.
Vroom, which delivers vehicles bought on its site to all 50 states, is a "pure e-commerce play," said Hennessy, who was CEO of Priceline before joining Vroom in 2016. Vroom lists more than 3,200 used cars and trucks for sale, most of which are 1 to 3 years old.