RumbleOn Names Interim CEO, Resolves Proxy Matters Ahead of Annual Meeting

RumbleOn, the pioneering tech-powered powersports platform, has appointed Mark Tkach, co-founder of RideNow powersports group, as interim CEO as the company searches for a permanent CEO. The announcement comes in the wake of Marshall Chesrown's resignation.

Irving-based RumbleOn Inc. has hired Mark Tkach, the co-founder of RideNow powersports group, to serve as interim chief executive officer after the resignation Thursday of Marshall Chesrown from that role.

RumbleOn is the nation’s first technology-based powersports platform, and it acquired RideNow in August 2021. Tkach is a major shareholder, the company said. During Tkach’s interim service, the board’s executive transition committee will continue its efforts to identify a permanent CEO.

“We thank Mr. Tkach for his willingness to assist during this time of transition and are confident that his deep knowledge and experience in the powersports industry will provide enhanced opportunities for operational excellence as the company works to identify a permanent successor,” Steve Pully, chairman of the RumbleOn board of directors, said in a statement.

In a regulatory filing, RumbleOn disclosed allegations surrounding Chesrown’s use of company resources, according to a Benzinga report. The company has hired independent counsel to assist in an investigation, which is ongoing, the report said.

RumbleOn also said it has agreed with the Coulter-Tkach Group to resolve all outstanding proxy matters currently subject to contest at its annual shareholders meeting on July 14.

Under the agreement, the company’s board will temporarily grow from seven to nine members to allow Melvin Flanigan, a retired executive from RV retail giant Camping World Holdings, and Tkach to immediately join.

Along with reorganizing board committees, the agreement includes naming Pully as board chair.

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.

One quick signup, and you’re done.  

R E A D   N E X T

  • The company is looking for entrepreneurs specializing in hardware and software solutions engineered for digital factories, smart buildings and facilities, energy management and efficiency, Industry 4.0, or supply chains.

  • In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from Gaedeke Group,, Signify Health, Dallas Market Center, DartPoints, Mass Luminosity, and others.

  • Big Thought, a Dallas-based impact education nonprofit and accessories retail giant Fossil Group are hosting the community arts event Works of Heart on Feb. 9 at Fossil's headquarters in Richardson. The organizations have co-hosted the fundraiser benefiting Big Thought since 2011. “This fundraiser is a great example of a leading corporation investing in our youth consistently, creatively and with heart,” Byron Sanders, president and chief executive officer for Big Thought, said in a statement. “Our organizations have been aligned from day one on the need to equip young people with the skills and confidence they need to become creators, charting…

  • In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from the Dallas Jackals, Akorbi Group, egage2learn, Trademark Property Co., Independent Bank Group, Avanci, Independent Bank Group, and more.

  • CEOs of the 100 fastest-growing privately held companies in the Dallas region joined the SMU Cox Caruth Institute for Entrepreneurship for the kickoff of its annual celebration of the entrepreneurial spirit on Thursday. Now the countdown begins for the institute's Nov. 2 reveal of which one is THE fastest-growing privately held company in Dallas-Fort Worth. Here are the contenders.