Lithia Motors Announces New CEO

, Posted: Thu, February 23 2012 at 8:30 AM, Updated: Thu, February 23 2012 at 8:34 AM

Lithia Motors is making changes to the top this morning.

Longtime Lithia chairman and chief executive officer Sid Deboer has announced he is turning his duties over to his son, Bryan. This, after Lithia posted a record fourth quarter of $16.4 million-- compared to $4.2 million just a year ago.

Bryan Deboer has been president of the company since january 2006-- he will begin his new job as CEO on may first.

Leave a Comment:

Note: Comments with profanity are automatically filtered and hidden. Verbal attacks towards others via our comments section will not be tolerated.