Next Big Futures article The startup Car Care has been one of the few to survive a massive fire that ripped through the heart of the San Francisco Bay Area in September 2015.
Its founder, Andrew Johnson, was killed in the blaze and a replacement CEO, Michael Nava, who was also an employee, survived.
The fire, which also left a gaping hole in the roof of the building, was blamed on a defective heating system that was not properly ventilated.
Now, after two months of negotiations, Johnson’s wife, Ann, has officially taken over as CEO.
“My goal is to make Car Care a very successful company,” she said in a statement.
“I want to bring together a team of seasoned executives, and to create a sustainable company that can take advantage of technology, the internet and the best practices of the tech sector.”
While Nava’s replacement will be an entirely new group of leaders, it will retain many of the same core tenets.
Nava left a job with a tech company to start Car Care, and Johnson has since become the company’s first co-founder.
“We are going to have a team that’s built on the core values of what we do,” Johnson said.
“And we’re going to take a different approach to the challenges that we have, and we’ll do it right.”
Johnson will also be able to lead a new venture, a car-repair business, and he will oversee a group of 20-something engineers that will be responsible for building a new car that can survive the fire.
The two companies have partnered on some innovative initiatives, including building a solar-powered truck to ferry supplies and building an autonomous vehicle to transport goods across a desert.
Johnson and Nava have said that they’re looking forward to working together again.
The next Big Future article The next major milestone in the startup’s evolution comes in 2019, when the company will be in the final stages of the process of transitioning to a publicly traded company.
The team will start its public offering, which is expected to occur in mid-December, and the company plans to begin offering stock on a “snap” basis in 2018.
The company’s initial public offering will be one of only three private offerings in the US, the other two being two of Uber and Airbnb.
It will be the first public company to raise a capital raise since Facebook in May 2017.