Shift Technologies appoints new CEO, shares rise

Shift Technologies

09/06/2023 13:22

** Shares of online used-car retailer Shift Technologies Inc
 SFT.O  up 2.5% at $1.94 before the bell
    ** Company appoints Ayman Moussa as chief executive officer
and member of board, effective immediately
    ** Moussa succeeds Jeff Clementz, who will remain with
company as strategic adviser to Moussa, the board, and
management team during transition period - SFT
    ** Clementz will step down from the board effective
immediately
    ** Up to last close, SFT stock up 27.60% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))