Lithia Motors Inc. Announces Executive Management Promotions
January 09 2006 - 8:00AM
Business Wire
Lithia Motors, Inc. (NYSE:LAD) today announced the promotion of
Bryan DeBoer to the position of President and Chief Operating
Officer. Mr. DeBoer has been heavily involved in operations, most
recently serving as Executive Vice President of the company. He was
the SVP of Mergers & Acquisitions/Operations from 1996 to 2002.
Prior to 1996, Mr. DeBoer worked in various capacities at Lithia,
including General Manager of the Medford Honda Isuzu Suzuki Pontiac
Volkswagen dealership, Finance Manager, Used Vehicle Manager and
General Sales Manager. He joined the Company in 1989. Mr. DeBoer
received his Bachelor of Science degree, summa cum laude, in
Business Administration from Southern Oregon University in 1988,
and he is a graduate of the NADA Dealer Academy in Washington, D.C.
Mr. M.L. Dick Heimann will be assuming the position of President of
Corporate Affairs, in charge of manufacturer relations, legal
affairs and special projects. He also serves on the company's Board
of Directors. Mr. Heimann has served as the Chief Operating Officer
and Director of the Company since 1970 and was appointed President
and COO in 1997. Prior to joining the Company, he served as a
district manager of Chrysler Corporation from 1967 to 1970. Mr.
Heimann is a graduate of University of Colorado with a Bachelor of
Arts degree in Biology and Languages. Chairman and Chief Executive
Officer, Sidney B. DeBoer, stated, "We are all excited about the
planned succession of our next generation of leaders at Lithia
Motors. Dick Heimann and I have been together since 1970, and we
have taken this company a long way over the past 35 years. Dick's
oversight with Lithia's Corporate Affairs and his continued
guidance and growth of Lithia's leaders will be invaluable to our
future." "Bryan DeBoer's balance of experience in auto-retailing
will serve him well in the role of President and COO. He comes to
the position with an in-depth and well-rounded understanding of the
company's operations, acquisitions, IT, human resources and
accounting functions." About Lithia Lithia Motors, Inc. is a
Fortune 1000 and Russell 2000 Company that sells 25 brands of new
vehicles and operates 94 stores and 186 franchises in 12 states in
the Western United States and over the Internet through
"Lithia.com-America's Car & Truck Store." Lithia also sells
used vehicles; arranges finance, warranty, and credit insurance
contracts; and provides vehicle parts, maintenance, and repair
services at all of its locations. Lithia retailed 98,331 new and
used vehicles and had $2.7 billion in total revenue in 2004.
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