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Stock impact report

AutoNation names new CEO, posts strong quarterly profit [Reuters]

AutoNation, Inc. (AN) 
Last autonation, inc. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.autonation.com
Company Research Source: Reuters
AutoNation names new CEO, posts strong quarterly profit - Reuters 3 Min Read DETROIT, July 22 (Reuters) - AutoNation Inc, the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit. Cheryl Miller, who was AutoNation’s chief financial officer, immediately replaces Carl Liebert, who will remain for 30 days to assist with the transition. Liebert assumed the CEO position on March 11, a month after his hiring was announced from financial services company USAA, where he had been chief operating officer. “We always that it would be a challenge for someone to get the auto retail business around their head and I think the conclusion was mutual that this was not the right fit,” AutoNation Executive Chairman Mike Jackson said in a telephone interview. Jackson added he was excited to announce Miller’s promotion, citing her almost 20 years of experience with automotiv Show less Read more
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