AutoNation CEO Mike Jackson to step aside after nearly 20 years [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Katie Kramer | CNBC Mike Jackson, chairman and CEO of AutoNation. AutoNation CEO Mike Jackson will step aside in 2019 after 20 years running the nation's largest chain of auto dealerships. Jackson will transition from his current role of chairman, CEO and president to executive chairman next year. In that role, he has extended his contract until 2021. AutoNation's board has hired executive search firm Spencer Stuart to find a replacement, and will consider both internal and external candidates. Jackson is credited with being a transformative leader, who formed a single brand and strategy around a collection of dealerships around the country. He was hired by AutoNation founder Wayne Huizenga, while Jackson was head of Mercedes-Benz of America. Since Jackson took over in October of 1999, AutoNation has generated about a 340 percent return for shareholders, the company said. In 2017, AutoNation's revenue rose to $21.5 billion. During h
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