Founder of SoftBank-backed car leasing startup resigns after layoffs

Image: Fair

Scott Painter, the founder of SoftBank-backed car leasing startup Fair.com, has resigned as CEO following last week’s layoffs and announcement of a planned restructuring, The Verge has learned. SoftBank’s Adam Hieber is taking over as interim CEO. Painter will stay on as chairman of Fair. His brother, who was Fair’s CFO, left the company last week.
“As I’ve said so often in the last few days – – what we do hasn’t changed; how we do it must change,” Painter said in an email to staff that was obtained by The Verge. “I’m so incredibly proud of the company and the team we have built, and I’m not going anywhere. I will continue to be Fair’s fiercest advocate, and I’m here to support the entire team, including the team of experts we’ve brought…

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