Getaround, a connected carsharing marketplace, announced Feb. 27 that its board of directors has appointed Eduardo Iniguez, former Silvus Technologies CFO and former Getaround SVP of finance, risk and strategy, as its CEO, effective immediately.

Iniguez also joined the Getaround board. In connection with this change, Jason Mudrick, founder and chief investment officer of Mudrick Capital, which led Getaround’s January 2024 financing, was appointed chairman of the board.

Getaround’s outgoing CEO Sam Zaid will continue to serve as a member of the board of directors.

Iniguez joins Getaround at a pivotal time, as the company focuses on right-sizing the business and streamlining operations in a push to create greater value for its shareholders, employees, and customers. Iniguez is an accomplished executive in the technology and aerospace sectors and brings more than 15 years of experience in strategic finance and corporate leadership to fund and scale emerging companies.

Before his role as CFO at Silvus Technologies, Iniguez served as SVP of finance, risk and strategy for Getaround. Prior to Getaround, Iniguez was CEO and CFO of HyreCar, Inc. and successfully managed the sale of its assets to Getaround in May 2023.

He previously was the VP of corporate finance and accounting for AllClear, a private equity-backed aerospace company where he was responsible for 11 business unit P&Ls globally.

“I am committed to our car owners and renters to be the carsharing platform of choice while we pave the way for long-term, sustainable growth,” Iniguez said in a news release.

Mudrick added, “His track record of transformational leadership and passion for the carsharing space make him uniquely situated to take the helm as the company focuses on revenue growth and a path to profitability. I also want to thank Sam Zaid for his leadership and commitment to Getaround’s mission and people since the company’s inception.”