Auto Industry Veteran Douglas Campbell joins America’s Car-Mart Leadership as Newly Named President
September 26 2022 - 4:05PM
America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today
announced that Douglas Campbell will serve as the Company’s
President effective October 3, 2022.
“Doug’s 25 years of marked successes in the
automotive industry will bring new perspective to our ever-evolving
work to better serve customers and communities,” said Jeff
Williams, Chief Executive Officer. “In this current environment,
outside perspective is invaluable to overcoming key challenges as
we evolve our business as an integrated sales and finance company.
We are delighted to add a leader of Doug’s caliber to our dedicated
executive team, and we look forward to the impact that he will have
on our efforts around product, capitalizing on significant market
growth opportunities in the coming years.”
Mr. Campbell brings extensive industry and
automotive experience, enhancing the Car-Mart team with his
leadership skillset. He spent 15 years at Coral Springs Auto Mall,
where he progressed quickly from Finance Manager to increasing
leadership responsibilities, eventually serving as Executive
General Manager over several new car franchises and their pre-owned
superstore in 2014.
He then joined AutoNation as the Used Vehicle
Director for the Eastern Region with responsibility for three
markets and multiple dealerships in Florida, piloting innovative
national programs for vehicle disposal and acquisition. He moved to
a new territory as General Manager of AutoNation Honda Dulles where
his team was recognized as being among the top AutoNation Honda
dealerships nationally for sales and service experience.
Most recently, Mr. Campbell has been with Avis
Budget Group serving first as Vice President of Remarketing for the
Americas, where he was responsible for the company’s wholesale and
factory program disposals. He was charged with the strategic growth
of their direct-to-consumer initiative where he opened multiple
retail locations and developed an online direct sales
platform. He and his team helped build a new
business-to-business website for vehicle disposals. In 2021, he was
promoted to Head of Fleet Services for the Americas, with
responsibility for both the company’s acquisition of new and used
vehicles and its vehicle disposal strategy. Earlier this year, he
was promoted to Senior Vice President - Head of Fleet Services.
“I am honored to join the talented America’s
Car-Mart leadership team as together we build on their more than
four decades of achievements,” said Mr. Campbell. “Given all the
change within automotive – from digitization to electrification –
Car-Mart is uniquely positioned within the industry for growth
within the communities they serve for years to come, regardless of
the economic environment. Over the last 25 years, I have brought my
passion for people and automotive to well-known brands, and I am
thrilled for the opportunity to bring what I have learned to the
Car-Mart team and their customers as we build for an exciting
future.”
About America's Car-Mart
America’s Car-Mart operates automotive
dealerships in twelve states and is one of the largest publicly
held automotive retailers in the United States, focused exclusively
on the “Integrated Auto Sales and Finance” segment of the used car
market. The Company specializes in the sale of quality, pre-owned
vehicles and features flexible used car financing options for
customers with bad credit, no credit, repossessions or even past
bankruptcy and emphasizes superior customer service and the
building of strong personal relationships with its customers. The
Company operates its dealerships primarily in smaller cities
throughout the South-Central United States selling quality used
vehicles and providing financing for substantially all of its
customers. For more information about America’s Car-Mart, including
investor presentations, please visit our website at
www.car-mart.com.
____________Contacts: Jeff Williams, CEO
at (479) 464-9944 or Vickie Judy, CFO at (479) 464-9944
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