SANTA MONICA, Calif. -

TrueCar has its official president and chief executive officer.

Mike Darrow, who has been TrueCar’s interim president and CEO since May 31, was named to the position Tuesday.

Darrow, who has been with TrueCar for three years, will join the company’s board of directors, as well.

He took on the interim post last spring, replacing the retiring Chip Perry, who had been president and CEO. Darrow had previously been executive vice president of OEM and affinity partner development, in addition to serving as president of the ALG subsidiary at TrueCar.

“Mike is a proven leader at TrueCar and within the automotive industry with over 30 years of experience at OEMs and other third-party automotive providers,” TrueCar board chairman Christopher Claus said in a news release. “We’re excited to start a bright new chapter for TrueCar with Mike’s strong and steady leadership at the helm.”

Darrow added: “I’m extremely humbled and honored at the opportunity to lead this talented group of TrueCar employees. I’m so proud of the way the company united to launch our new brand and consumer experience earlier this year, which was no small feat. I look forward to working with the team as we continue to innovate and deliver a modern and world-class car buying experience that appeals to consumers and dealers alike.”

Perry was named TrueCar’s president and CEO in late 2015, taking over for Scott Painter. He retired in spring 2019. Darrow then took on the interim leadership role.