FORT
LAUDERDALE, Fla., May 1, 2023
/PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired
automotive retailer, announced Richard
Lennox as its new Chief Marketing Officer (CMO), effective
May 15, 2023. In his new role, Mr.
Lennox will drive the brand's growth to meet the transportation
needs of its 11 million Customers and their households. He will
report to CEO Mike Manley and serve as a member of the
leadership team, overseeing brand, marketing, and creative.
"Rich is an inspiring leader and accomplished marketer with
proven experience guiding brands through transformation. He leads
transformational change to build sophisticated smart data-driven
marketing models, increasing the productivity of marketing
investment," said CEO Mike Manley.
"With our goal of becoming the nation's most comprehensive
transportation solutions provider Rich's expertise will help extend
our brand and leverage our scale as we grow to meet the
transportation need of our existing 11 million Customers and their
households and new Customers that join the AutoNation family."
Mr. Lennox most recently served as Chief Customer &
Brand Officer at Macy's. He oversaw
consumer franchise and marketing strategies to drive growth and
transformation. Prior to Macy's, Mr. Lennox served as Chief
Marketing Officer at Toys R Us and Zales. He is an award-winning
brand and marketing expert with 30 years of experience and a track
record of successful business turnarounds and increased shareholder
value. He drives growth, leads transformational change, and
develops consumer-led strategies that build innovative solutions to
complex business challenges.
"As a car enthusiast, I am excited to join AutoNation, a company
that has built a brand and reputation as one of America's most
admired companies," said Mr. Lennox. "I'm inspired by the Company's
consumer-centric and innovative approach to personalized
transportation solutions now and in the future."
Marc Cannon will transition into
a new role focused on corporate responsibility, encompassing
AutoNation's DRVPNK activities, and will retire at the end of the
year.
About AutoNation, Inc.
AutoNation, a provider of personalized transportation services, is
driven by innovation and transformation. As one of America's most
admired companies, AutoNation delivers a peerless Customer
experience recognized by data-driven consumer insight leaders,
Reputation, and J.D. Power. Through its bold leadership and brand
affinity, the AutoNation Brand is synonymous with "DRVPNK" and
"What Drives You, Drives Us." AutoNation has a singular focus on
personalized transportation services that are easy, transparent,
and Customer-centric.
Please visit www.autonation.com, investors.autonation.com, and
www.twitter.com/AutoNation, where AutoNation discloses additional
information about the Company, its business, and its results of
operations. Please also visit www.autonationdrive.com, AutoNation's
automotive blog, for information regarding the AutoNation
community, the automotive industry, and current automotive news and
trends.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact are, or may
be deemed to be, forward-looking statements. Words such as
"anticipates," "expects," "intends," "goals," "targets,"
"projects," "plans," "believes," "continues," "may," "will,"
"could," and variations of such words and similar expressions are
intended to identify such forward-looking statements. Statements
regarding our strategic initiatives, partnerships, and investments,
including the planned expansion of our AutoNation USA pre-owned vehicle stores and our
investments in digital and online capabilities and mobility
solutions, statements regarding our expectations for the future
performance of our business and the automotive retail industry, and
other statements that describe our objectives, goals, or plans, are
forward-looking statements. Our forward-looking statements reflect
our current expectations concerning future results and events, and
they involve known and unknown risks, uncertainties, and other
factors that are difficult to predict and may cause our actual
results, performance, or achievements to be materially different
from any future results, performance, and achievements expressed or
implied by these statements. These risks, uncertainties, and other
factors include, among others: our ability to implement
successfully our strategic acquisitions, initiatives, partnerships,
and investments, including the planned expansion of our AutoNation
USA stores and our investments in
digital and online capabilities and mobility solutions; our ability
to identify, acquire, and build out suitable locations in a timely
manner; our ability to maintain and enhance our retail brands and
reputation and to attract consumers to our own digital channels;
our ability to acquire and integrate successfully new franchises;
restrictions imposed by vehicle manufacturers and our ability to
obtain manufacturer approval for acquisitions; economic conditions,
including changes in unemployment, interest, and/or inflation
rates, consumer demand, fuel prices, and tariffs; supply chain
disruptions and inventory availability; new and used vehicle
margins; our ability to attain planned sales volumes within our
expected time frames; our ability to successfully implement and
maintain expense controls; the success and financial viability and
the incentive and marketing programs of vehicle manufacturers and
distributors with which we hold franchises; the economic impacts of
the COVID-19 pandemic; natural disasters and other adverse weather
events; the resolution of legal and administrative proceedings;
regulatory factors affecting our business, including fuel economy
requirements; the announcement of safety recalls; factors affecting
our goodwill and other intangible asset impairment testing; and
other factors described in our news releases and filings made under
the securities laws, including, among others, our Annual Reports on
Form 10-K, our Quarterly Reports on Form 10-Q and our Current
Reports on Form 8-K. Forward-looking statements contained in this
news release speak only as of the date of this news release, and we
undertake no obligation to update these forward-looking statements
to reflect subsequent events or circumstances.
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SOURCE AutoNation, Inc.