AutoNation, Inc., the US's biggest car retailer, recently announced that their Board of Directors has elected Rick L. Burdick as the new Lead Independent, which became effective December 17th. Burdick has been the Director of the company as well as a partner at Akin, Gump, Strauss, Hauer, and Feld, LLP, a worldwide law firm.
AutoNation also announced that Michael Larson informed the Company that he is stepping down from the Company's Board of Directors, effective as of December 17, 2018, the date of this year's last scheduled meeting of the Board.
"We thank him for his many years of service on the Board and his contributions to the Company and our shareholders and wish him the best," said Mike Jackson, AutoNation's Chairman, Chief Executive Officer and President."
"After nearly nine years of serving on AutoNation's Board, I believe now is the right time for me to transition off and focus on managing other positions within our fund's portfolios," said Mr. Larson. "As a long-time AutoNation investor and Board member, I am proud of the leadership team's many accomplishments and wish them only the best for a bright and strong future."
Edited by M. Hunt