George Chamoun has joined the company as its Chief Executive Officer. He replaces ACV Auctions Co-founder Joe Neiman, who will focus on market development.
Chamoun brings with him a successful track record of accomplishment as an entrepreneur and senior executive. He co-founded Synacor right out of college in 1998, and spent the next two decades building it into a trusted technology and revenue partner for some of the largest video and communication providers in the world. Chamoun also serves as Chairman of Launch NY, a non-for-profit organization supporting the startup ecosystem for Upstate New York.
As an early angel investor in ACV, Chamoun was drawn by the company’s long term potential. Since then, he says, ACV’s performance – and the overwhelmingly positive response of customers – has further affirmed his confidence in the company.
“In just one year, more than 800 dealerships registered for our mobile service, proving the value of our highly innovative service – these are the same reasons we also attracted top venture capital firms to fuel our growth,” Chamoun noted. “We are proving the case that dealers prefer to purchase wholesale inventory on ACV, because we enable transparency, trust and faster access to fresh trades.”
He added: “ACV Auctions is to car auctions what broadband was to dialup: a superior experience by every measure. Our team is proud to partner with franchise and independent dealers throughout the country by offering a proven service that adds tremendous value to their businesses, and to the dealer industry overall.”