YayYo, Inc. Appoints Three Seasoned Independent Directors to the Board; President Boyd Bishop to Lead Operations
January 28 2020 - 8:49AM
YayYo, Inc. (NASDAQ: YAYO) (“YayYo” or the “Company”), a leading
provider of vehicles to the rideshare industry through its
wholly-owned subsidiary, Rideshare Rentals, has appointed three new
independent directors to its board, effective January 24, 2020, and
announced that CEO Jonathan Rosen has resigned from his position,
effective January 26, 2020. Current President Boyd Bishop will
assume responsibility for leading the operations and strategic
direction of the Company.
Bishop has been serving as president of YayYo and Rideshare
Rentals since his appointment earlier this year. Previously, he was
the vice president of business development at Fair.com, an
automotive fintech company that is revolutionizing the car-buying
experience for the rideshare industry. While in this role, Bishop
was responsible for developing and leading Fair.com’s strategic
partnerships with Uber, Assurant and Ally, and was instrumental in
expanding the company’s user base.
“Boyd is a proven automotive industry executive with a deep
understanding of our business and the mobility market we serve,”
said Stephen Sanchez, newly-elected chairman of the board. “He has
a strong track record of driving growth and establishing meaningful
strategic partnerships with the leaders of the rideshare industry.
Since taking over Rideshare Rentals’ operations in early January,
he has already begun to deploy several initiatives to expand our
geographical footprint across the U.S. and rapidly increase vehicle
deployment. The board has the utmost confidence that Boyd is best
suited to lead Rideshare Rentals into its next phase of
growth.”
Bishop commented on his appointment: “In my short time since
leading Rideshare Rentals, the opportunity set for this robust
platform has become even more apparent. Rideshare Rentals has
established a strong foundation from which to build, and our
ability to reduce friction for drivers and enable them to more
seamlessly access vehicles to serve the mobility industry is a
critical need. I look forward to leveraging my extensive network
and rideshare experience as we further build our team and
capabilities to deliver on our ambitious goals and maximize
shareholder value.”
On January 24, 2020, YayYo appointed Stephen Sanchez, Douglas
Mox and Jack O’Neill to the board of directors, replacing Jeffrey
Guzy, Paul Richter and Christopher Miglino. Sanchez was also
elected as the Company’s chairman of the board. YayYo continues to
have five directors, with four serving independently.
Stephen SanchezSanchez brings nearly three
decades of experience in operations and engineering management,
with a proven ability to create and implement efficient solutions
designed to expand global networks. Currently, he is senior vice
president of operations and business development for Boxbot, a
revolutionary logistics company applying autonomous vehicle
technology to solve last-mile delivery challenges. Prior to Boxbot,
Sanchez served in several senior level roles at notable companies,
including Amazon.com, DHL Express, Lasership and National Express.
He holds a Bachelor of Arts in business administration from
California State University, San Bernardino.
Douglas MoxMox currently serves as chief
operating officer for Grace Thomas Investments, a private equity
firm focused on multiple vertical markets, including automotive and
healthcare. He is a seasoned finance and logistics professional
with more than 20 years of senior leadership experience.
Previously, Mox was a senior manager at DHL Express, where he
designed, implemented and oversaw the execution of various projects
within the corporate industrial engineering department. Prior to
DHL Express, he served in several managerial roles for UPS. Mox
holds an MBA from The Ohio State University.
Jack O’NeillO’Neill is an accomplished
operations director with over two decades of senior management
experience. He is currently the deputy managing director and senior
vice president of operations for DHL Express in Beijing, China.
Since joining DHL, O’Neill has established a proven track record of
delivering profitable growth. He has also successfully integrated a
multi-billion dollar acquisition and planned and executed a
significant restructuring process. O’Neill holds a Bachelor of
Science in business management from Salem State University, along
with various global leadership program certificates from Deutsche
Post World Net and Stanford University.
About YayYo, Inc.YayYo bridges the gap between
rideshare drivers needing a suitable vehicle and rideshare
companies that depend on attracting and keeping drivers. YayYo
uniquely supports drivers in both the higher and lower economic
categories with innovative policies and programs. YayYo seeks to
become the preeminent provider of rental vehicles to drivers in the
ever-expanding ridesharing economy. For more information about
YayYo, please visit our website at www.yayyo.com.
Company Contact:Boyd
BishopPresidentboyd@yayyo.com
Investor Relations Contact:Sean Mansouri, CFA
or Cody CreeGateway Investor
Relations949-574-3860YAYO@gatewayir.com
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