CarGurus continues executive revamp with new CFO
For the second time this month, CarGurus added a new, high-level executive.
On Monday, CarGurus announced the appointment of Elisa Palazzo as its chief financial officer in a move that’s effective Dec. 4.
The news surfaced a little more than a week after CarGurus named former OPENLANE and Cox Automotive executive Zach Hallowell as the head of industry transformation.
Reporting to CarGurus chief executive officer Jason Trevisan, the company said Palazzo will lead financial operations and strategy to support its goal to build a powerful transaction-enabled destination that can supports the full lifecycle of a vehicle transaction.
“Elisa’s breadth of experience leading financial operations and investment strategy within the tech sector will be invaluable to our team as we continue to evolve our platform with the aim of driving greater value for our dealer partners, consumers, and stockholders,” said Trevisan, who is among the executives set to appear on stage during Used Car Week, which begins on Monday in Scottsdale, Ariz.
“Her extensive financial expertise and strategic vision will be valuable assets in our current stage and as we further expand our transaction and digital retail capabilities. I look forward to welcoming her to the CarGurus executive team as we continue to innovate and grow our business,” Trevisan continued in a news release.
Palazzo joins CarGurus with nearly 20 years of operating, investing, and transaction experience, with a focus on marketplaces that reach both consumer and business-to-business users.
Palazzo currently serves as deputy CFO and senior vice president of finance at Talkspace, a two-sided marketplace providing online behavioral health services, where she leads financial planning & analysis, accounting, and investor relations. She assumed the role of deputy CFO in April, initially coming on board as senior vice president of finance in 2021 as part of Hudson Executive Capital’s involvement in Talkspace.
Prior to becoming Deputy CFO at Talkspace, Palazzo was a managing director at Hudson Executive Capital, overseeing investments in consumer, online, and digital media companies.
Earlier in her career, Palazzo held senior technology investment roles at several asset management institutions and served as an investment banker at Credit Suisse.
“I am thrilled to join a market leader like CarGurus at a pivotal moment in its evolution as the digital automotive space is poised for transformation,” Palazzo said in the news release. “I am energized and inspired by the opportunity to help the company fulfill its vision to build a powerful transaction-enabled digital destination that supports both dealers and consumers through the vehicle transaction journey.”