Lithia Motors Names President, CEO Bryan DeBoer to Added Chairman Post
Dow Jones10-21
Lithia Motors has named its president and chief executive, Bryan DeBoer, to the additional post of chairman.
Lithia on Wednesday the move is aimed at promoting communication and collaboration between management and the auto retailer's board.
Lithia said Sidney DeBoer, who founded the Medford, Ore., company in 1968 and took it public in 1986, will now serve as vice chairman.
Bryan DeBoer, who is Sidney DeBoer's son, has been president and CEO since 2012.
Lithia said Louis Miramontes, a board member since 2018, will continue to serve as lead independent director.
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