AutoNation to begin search for a new CEO
One of the nation’s longest-serving chief executives is planning to step down.
AutoNation Inc. said that Mike Jackson will step down as president and CEO of the company in 2019, after serving some 20 years in the role. He will remain as executive chairman through 2021.
AutoNation said it has retained Spencer Stuart to find a successor among internal and external candidates.
Jackson is credited with taking a fragmented group of dealerships with legacy regional names, implementing industry-leading, customer-friendly common practices, and rebranded them with the AutoNation name, creating a highly successful and recognizable brand. AutoNation has been the number one automotive retailer for the last two decades.
"The company is ready for its next chapter with a strong foundation, a coast to coast brand, a comprehensive brand extension strategy, and a transformational digital consumer car buying experience," Jackson said. “While the Board commences its succession process, we will remain focused on delivering a peerless customer experience and executing our Brand Extension and digital strategies."
AutoNation Inc. said that Mike Jackson will step down as president and CEO of the company in 2019, after serving some 20 years in the role. He will remain as executive chairman through 2021.
AutoNation said it has retained Spencer Stuart to find a successor among internal and external candidates.
Jackson is credited with taking a fragmented group of dealerships with legacy regional names, implementing industry-leading, customer-friendly common practices, and rebranded them with the AutoNation name, creating a highly successful and recognizable brand. AutoNation has been the number one automotive retailer for the last two decades.
"The company is ready for its next chapter with a strong foundation, a coast to coast brand, a comprehensive brand extension strategy, and a transformational digital consumer car buying experience," Jackson said. “While the Board commences its succession process, we will remain focused on delivering a peerless customer experience and executing our Brand Extension and digital strategies."