CarGurus (CARG) Appoints Sam Zales as President and COO, and Kyle Lomeli as CTO

February 13, 2019 4:53 PM EST

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CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced the promotion of Sam Zales to President and Chief Operating Officer, reporting to Chief Executive Officer Langley Steinert. Zales, who joined CarGurus in 2014, has served as Chief Operating Officer since 2017. In his expanded role as President and COO, Zales will have oversight of Sales, International, Marketing and Legal functions.

The company also announced that Kyle Lomeli has been promoted to Chief Technology Officer, replacing Oliver Chrzan. Kyle Lomeli joined CarGurus in 2008 as one of the company's early senior engineers and helped to build much of the core technology at CarGurus as well as the company's world-class Engineering team. Lomeli will report to CEO Langley Steinert. Chrzan has decided to leave CarGurus after eleven years to pursue personal interests outside the company.

"I am delighted to announce Sam's promotion to President and Chief Operating Officer. Sam is an extraordinary leader with a strong track record of results at CarGurus, and he's been an invaluable partner to me in shaping our global operations," said Langley Steinert, Founder, CEO and Chairman of CarGurus. "The CarGurus Board of Directors and I are confident Sam's expanded leadership will enable us to continue to grow our global business."

"I am also thrilled to announce Kyle Lomeli's promotion to Chief Technology Officer. Kyle has been a critical force on our Engineering team since our early days, helping to build CarGurus' core technology and develop our world-class Engineering team," added Steinert. "The technology behind CarGurus is what sets us apart in our space, and with Kyle's engineering leadership, we will continue to deliver innovative new software solutions for consumers and dealers around the world."

"I also want to recognize the enormous contributions of our outgoing CTO, Oliver Chrzan, and thank him for his strategic partnership over these past eleven years," said Steinert. "Oliver was an integral part of the foundation and vision of this company, and I am deeply grateful to have had the opportunity to work with him. All of us at CarGurus wish him well in his new adventures."

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