AutoNation Implements Cost-Saving Moves, Top Execs Leave Amid Restructuring [TheStreet.com]
AutoNation, Inc. (AN)
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Source: TheStreet.com
AutoNation Implements Cost-Saving Moves, Top Execs Leave Amid Restructuring AutoNation Inc. ( AN company announced. America's largest automotive retailer said it intends to reduce costs by about $50 million annually by letting go several top executives and realigning departments. The changes come by a consolidation of regional structure from three regions into two. Former Eastern Region President James "Jim" Bender is now executive vice president of sales, and Executive Vice President and Chief Operating Officer Lance Iserman, and Executive Vice President and Chief Officer Tom Conophy, have left the company. Bender has been with AutoNation for more than 20 years, most recently as Eastern region president overseeing nearly 100 stores, 125 franchises, with about $8 billion in revenue in 2017. Executive Vice President, Franchise Network, Merger & Acquisitions, and Corporate , Donna Parlapiano, elected to retire effective Jan. 3. After assisting with the major restructuring implementatio
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News
- Here's What Black Bear Value Partners Think About AutoNation (AN) [Yahoo! Finance]Yahoo! Finance
- AutoNation, Inc. (NYSE: AN) had its price target lowered by analysts at Bank of America Co. from $220.00 to $215.00. They now have a "buy" rating on the stock.MarketBeat
- AutoNation Announces First Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, April 26, 2024PR Newswire
- AutoNation's (NYSE:AN) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
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Sec Filings
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- 3/22/24 - Form 4
- 3/21/24 - Form 144
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