Used-vehicle subscription service Fair on Monday named Bradley Stewart its new CEO, succeeding co-founder and former CEO Scott Painter, who resigned last fall.
Prior to joining Santa Monica, Calif.-based Fair, Stewart was CEO of XOJet, which provides on-demand private aviation services.
He joins Fair as it strives to make its subscription model financially sustainable and profitable.
Stewart was XOJet’s CEO from 2013 to 2018. His background includes stints with private equity firm Parthenon Capital Partners and McKinsey and Co.
“It is clear to me that Fair is meaningfully improving both vehicle access and the driving experience, while offering real value for consumers,” Stewart said in a statement. “Its high engagement among digital natives, exclusive focus on the more affordable preowned market and innovative financing structures create a seamless experience that offers freedom and flexibility — both highly desired attributes among today’s modern consumers. Fair and its products…