RumbleOn falls after resolving proxy contest, CEO exit

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16/06/2023 14:09

** Shares of online vehicle marketplace RumbleOn Inc
 RMBL.O  down 3% at $9.6 before the bell
    ** Appoints Mark Tkach as interim CEO 
    ** Tkach's appointment follows resignation of Marshall
Chesrown from the role of CEO on June 15
    ** Co also announces resolution of proxy contest with the
Coulter-Tkach Group, which together holds about 32% of the
outstanding Class B common stock, with one of the terms being
reorganisation of the board, including transition of CEO 
    ** RMBL shares down about 53% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))