Nearly a year after he joined High Gear Media as COO, Matt Heist is moving up to CEO, while founder Hesky Kutscher becomes chairman of the board. Kutscher had been CEO since founding the fast-moving auto-news network in 2007. Heist, who was SVP and GM of Sidestep.com before joining High Gear last September, has been managing day-to-day ops and general corporate strategy so it shouldn’t be much of a shift internally.
The company recently raised $5.5 million in a second round of founding from DAG Ventures, Accel Partners and Greylock Partners; that brought the total funding to $12 million. High Gear acquired luxury car enthusiast site MotorAuthority last week, bringing the total of owned-and-operated auto sites in its network to 39. Release.
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