AutoNation shuffles execs, names new CEO

AutoNation is promoting its new CEO from within and making a little history in the process.

Cheryl Miller, AutoNation's CFO, has been appointed CEO and president, replacing Carl Liebert. Miller was also named to AutoNation's board of directors, and becomes the first female CEO of a publicly traded automotive retailer.

The board of directors and Liebert mutually agreed that he would leave to pursue other interests. Liebert will remain with the company for the next 30 days to assist with the transition.

Miller has extensive experience in consumer-focused industries, including 20 years of automotive retail, rental, and captive finance experience. She also serves as a director and chair of the audit committee of Tyson Foods Inc. While CFO, Miller led initiatives such as partnering with Waymo and reorganizing the company's operational and financial footprint. She holds a bachelor's degree in finance and business administration from James Madison University.

"AutoNation is the industry leader, and we remain focused on our core business while looking to the future with our brand extension strategy and strategic alliances,” Miller said. I am proud to continue our great work and to support my 26,000 colleagues, who provide a peerless customer experience every day."

AutoNation has also appointed long-time company executive Jim Bender as COO. Bender currently serves as executive VP of sales, and has served in leadership positions within AutoNation for 20 years. Christopher Cade, senior VP and chief accounting officer, has been appointed interim CFO while the company conducts a search for a new CFO. AutoNation will be considering both internal and external candidates.