LITHIA & DRIVEWAY NAMES NEW REGIONAL PRESIDENT

Rhea-AI Summary

Lithia & Driveway (NYSE: LAD) has appointed Adam Chamberlain as the new Regional President of Operations. Chamberlain, formerly with Aston Martin NA, will oversee operations in the East and execute the company's consumer optionality strategy. With over 25 years in the automotive industry, he will report directly to Chris Holzshu, the Chief Operating Officer. This move is part of LAD's effort to enhance its omni-channel strategy and support its 2025 growth plan.

Positive

• Appointment of Adam Chamberlain enhances leadership team.
• Chamberlain's extensive experience (25 years) in the automotive industry.
• Focus on omni-channel growth aligns with consumer demand.

Negative

• None.

MEDFORD, Ore., Nov. 22, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD), America's largest automotive new car retailer, has added to its executive team, appointing Adam Chamberlain as Regional President of Operations. Chamberlain will be responsible for executing the Company's consumer optionality strategy, supporting LAD's network development, and directly overseeing the operations teams in the East.  

Chamberlain, in addition to three tenured Regional Presidents, will execute LAD's strategy in North America, reporting directly to Chris Holzshu, LAD's Chief Operating Officer. The Atlanta-based automotive executive joins LAD from Aston Martin NA, where he served as President, after spending over 5 years as Vice President of Sales and Products for Mercedes Benz USA. 

"Adam has over 25 years in the automotive world and brings a deep understanding of national and international markets. Adam's proactive and collaborative leadership combined with an acute love for store operations, will fit well alongside our Regional Presidents. His passion and understanding of our industry and the full customer vehicle lifecycle will be a key driver of our organization's omni-channel global growth and in reaching our 2025 Plan" said Bryan DeBoer, President & CEO. 

"As LAD continues to grow its omni-channel model for consumers, I am very excited to bring my passion for leadership and strong customer orientation to a dealership group that values innovation, high performance and consumer optionality as key growth drivers," said Chamberlain. 

About Lithia & Driveway (LAD)

LAD is a growth company focused on profitably consolidating the largest retail sector in North America through providing personal transportation solutions wherever, whenever, and however consumers desire.

Sites
www.lithia.com
www.investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com

Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ

Lithia & Driveway on Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ

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SOURCE Lithia Motors, Inc.

FAQ

Who is the new Regional President of Operations for Lithia & Driveway?

Adam Chamberlain has been appointed as the Regional President of Operations.

What is Adam Chamberlain's previous experience before joining Lithia & Driveway?

Chamberlain previously served as President of Aston Martin NA and has over 5 years of experience with Mercedes Benz USA.

What is Lithia & Driveway's strategy with the new appointment?

The company aims to execute its consumer optionality strategy and enhance network development in North America.

When was the appointment of Adam Chamberlain announced?

The appointment was announced on November 22, 2022.

How will Adam Chamberlain contribute to Lithia & Driveway?

He will oversee operations teams in the East and support the company's growth strategy.