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AutoNation announces extension of contract of chairman, CEO and president till 2021 as executive chairman.

M2 EQUITYBITES-September 20, 2018-AutoNation announces extension of contract of chairman, CEO and president till 2021 as executive chairman

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AutoNation Inc (NYSE: AN), an automotive retailer in US, announced on Wednesday that Mike Jackson, chairman, CEO and president of the company, has extended his contract with the company as executive chairman.

The company's board of directors has retained the executive search and leadership advisory firm, Spencer Stuart, to support the CEO succession process, which will consider both internal and external candidates.

Reportedly, Jackson will continue to lead the company in his current role as chairman, CEO and president during the succession process.

Jackson is said to be an industry disruptor and innovator. He is considered one of the most influential and effective leaders in the automotive industry.

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Date:Sep 20, 2018
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