January 19, 2021

Shift Adds Automotive Retail Veteran Mark McCollum as CRO to Fuel Next Stage of Growth

SAN FRANCISCO, Sept. 30, 2020 (GLOBE NEWSWIRE) — Shift, a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, today announced the appointment of Mark McCollum as the company’s Chief Revenue Officer. McCollum joins recently-appointed Chief Financial Officer Cindy Hanford in building out the company’s automotive pedigree on the executive team.

This management announcement follows Shift’s June 29 announcement of its plans to pursue a business combination with Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company, as well as INSU’s announcement on September 24 that the registration statement on Form S-4 (File No. 333-239896) relating to the business combination was declared effective by the U.S. Securities and Exchange Commission. A Special Meeting of INSU’s stockholders is to be held on October 13, 2020 in connection with the business combination.

In this newly created role, McCollum will oversee all

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