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Wednesday, 15 July 2020 21:50

Mike Jackson to Remain AutoNation CEO Until Early 2022

Written by Auto Remarketing staff
AutoNation chairman and CEO Mike Jackson. AutoNation chairman and CEO Mike Jackson. Courtesy of AutoNation

Index

Cheryl Miller, who in April had been granted a leave of absence from her position as AutoNation’s president and CEO for health reasons, has decided not to return and has resigned from AutoNation and its board of directors, a move that was effective July 14.

AutoNation said it has entered a contract with Mike Jackson, who has been serving as chairman and CEO, to remain in those posts through April 12, 2022.

 

Jackson plans to retire once a new CEO is named. AutoNation aims to name a new CEO in early 2022.

 

“The board is thankful for Cheryl’s years of service and leadership, including the strategic partnership she built between AutoNation and Waymo,” Jackson said in a news release. “We are grateful for her contributions and wish her all of the best in her future endeavors.”

 

In the release, Miller said: “AutoNation is America's largest and most recognized automotive retailer and it has been an honor to have helped lead the company for over a decade.

 

“I am grateful for the opportunity to have worked with so many talented and committed associates and leaders who I'm confident will continue to drive the company forward.”

 

Jackson was AutoNation’s longtime CEO, having served in the role since 1999. In September 2018, it was announced that Jackson would transition out of his post as chairman, CEO and president in 2019 to become executive chairman.

 

The retailer announced in February 2019 that then-USAA COO Carl Liebert would replace Jackson as CEO and president the following month, with Jackson taking on the position of executive chairman of the board.

 

Then in July 2019, AutoNation announced that Liebert and the board of directors had mutually agreed he would step down to pursue other interests.

 

AutoNation named Miller, who was then CFO, as the executive to replace Liebert as CEO and president.

 

And with that appointment, Miller became the first female CEO of a publicly traded automotive retailer, AutoNation said at the time.


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