AutoNation recently hired on the company's very first female CEO and CBT News sat down with previous CEO, Mike Jackson, to discuss the company's direction and the decision to hire on the new CEO.
Jim Fitzpatrick: Hi, everyone. I’m Jim Fitzpatrick. Thanks so much for joining me on this special edition of CBT News. Back in mid-September 2018, Mike Jackson, industry icon and CEO of AutoNation, the country’s largest automotive retailer, announced that he would be stepping down in 2019 as CEO, and would be staying on as executive chairman. So began the board search for his replacement. I personally thought that this would have been a great opportunity for AutoNation to appoint a female CEO, and by doing so, lead the industry in attracting more females into the retail car business. In fact, when I interviewed Mike Jackson back in 2015, just after Mary Barra was appointed to head up GM, I asked him when we might see a woman as the CEO of a publicly-traded retail automotive group. Here’s what he had to say.
Jim Fitzpatrick: Which is a perfect lead into my next question. When do you think it’ll be that we see a woman heading up an automotive group? A retail automotive group?
Mike Jackson: Well, there must be somebody out there, right?
Jim Fitzpatrick: Well, let’s say a publicly traded group.
Mike Jackson: Oh, a publicly-traded group.
Jim Fitzpatrick: Do you think that’s in the near future, or do you think there’s… If you want to make any announcements today, feel free to do that.
Mike Jackson: We’re coming close. We just announced our new CFO.
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