Experienced industry veteran to lead powersports retailer

  • RumbleOn names former Harley executive Michael Kennedy as CEO
  • Kennedy spent over 25 years at Harley-Davidson
  • Kennedy most recently served as president and CEO of Vance & Hines
  • Former COO Mark Tkach has been serving as interim CEO
  • Chesrown resigned amid allegations of misuse of company resources

Factuality Level: 8
Justification: The article provides factual information about the appointment of Michael Kennedy as the new CEO of RumbleOn, his previous experience at Harley-Davidson, and his role on the board. It also mentions the resignation of the former CEO, Marshall Chesrown, and the allegations surrounding his use of company resources. However, the article does not provide any details or evidence regarding the allegations or the legal claims mentioned by Chesrown.

Noise Level: 3
Justification: The article provides relevant information about RumbleOn’s new CEO, Michael Kennedy, and the background of his experience. It also mentions the previous CEO’s resignation and the ongoing legal claims. However, it lacks in-depth analysis, evidence, or actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: The news article does not provide any information about events that impact financial markets or companies.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article is about the appointment of a new chief executive at RumbleOn and does not mention any extreme events or financial market impacts.

Public Companies: RumbleOn (null), Harley-Davidson (null)
Private Companies: Vance & Hines
Key People: Michael Kennedy (CEO), Mark Tkach (Interim CEO), Marshall Chesrown (Former CEO), William Coulter (Former Executive Vice Chairman)

Powersports retailer RumbleOn has announced the appointment of Michael Kennedy, a former executive at Harley-Davidson, as its new CEO. Kennedy brings over 25 years of experience in the industry, including a stint as vice president and managing director, Americas, at Harley-Davidson. He most recently served as president and CEO of Vance & Hines, a leading parts and accessories maker. Kennedy will also join RumbleOn’s board. The company’s former COO, Mark Tkach, has been serving as interim CEO since the resignation of Marshall Chesrown, who faced allegations of misusing company resources. Chesrown’s resignation followed a proxy fight involving Tkach and William Coulter, a former RumbleOn executive vice chairman. Chesrown has since announced plans to file legal claims against the company and its officers and directors.