Monday, May 11, 2020

Fair Names New CEO

Santa Monica-based car subscription service Fair said on Monday that it has named a new CEO, Bradley Stewart, the former CEO of XOJet. The appointment of a new CEO comes only seven months after replacing its CFO and cutting nearly half of its staff. Fair is reportedly in the midst of raising another round of funding to continue to grow its service. According to Fair Stewart served as CEO of XOJet from 2013 to 2018, eventually steering the company through an acquisition by its parent company, Vista Global. He replaces Fair's interim CEO Adam Hieber, who will resume his role as an operating partner at SoftBank Investment Advisers and remain on Fair’s board of directors, according to the company.