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LITHIA & DRIVEWAY (LAD) NAMES NEW SENIOR VICE PRESIDENT OF DRIVEWAY & GREENCARS, AND RECOGNIZES "40 UNDER 40" HONOREES

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MEDFORD, Ore., July 27, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today that Carol Deacon has been named Senior Vice President of Driveway & GreenCars. Carol will develop, and execute, the strategy of its ecommerce platforms in support of their 2025 Plan to achieve $50 billion in revenue and more than $55 in EPS.

"Carol adds a powerful dimension to our operations team as we continue to leverage ecommerce technology to fuel new relationships with customers who are looking for alternate avenues to modernize their personal transportation needs," said Bryan DeBoer, LAD President & CEO. "Carol brings a multi-industry record of growth and performance-driven results to this new assignment."

Deacon joined LAD as part of its 2021 acquisition of the Toronto-based Pfaff Automotive Group, where she served as Chief Operating Officer. Previously, Deacon worked in corporate strategy and change management at McKinsey & Company, and in digital retail and consumer loyalty transformation at Canadian Tire.

"40 under 40" Honorees Revealed for 2022
Automotive News has selected three LAD leaders for its "40 under 40" Winners List in 2022:

  • Austin Bitner, General Manager of All-American Chevrolet of Killeen
  • Mike Cavanaugh, Vice President of Driveway
  • Gian Toro, Director of Inventory at Driveway

"The annual 40-under-40 list spotlights leader stand-outs who are making a difference in the automotive industry with their tenacity, passion for people, and ability to retool and innovate operations," said DeBoer. "We're thrilled with Austin, Mike and Gian's national recognition as leaders on the move and congratulate them on their stellar example of our mission, Growth Powered by People."

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.

Lithia Motors, Inc.

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About LAD

at lithia our success is driven by a passion for cars and for serving our customers. lithia auto stores is one of the largest and most trusted automotive retailers in the u.s., providing outstanding sales, service, parts, and auto financing to urban and rural customers in 14 states. lithia’s road to success has taken us from a single dealership in ashland, oregon to a publicly traded company with approximately 130 locations. join an auto retailer that believes our growth relies on the growth of our people. members of team lithia get the tools they need to succeed, including ongoing training in a promote-from-within culture. our early beginnings were the road map leading us to a present day. a journey filled with healthy challenges and exciting opportunities. we’re a company that believes in our core values and living them through personal ownership, an entrepreneurial spirit, high standards and best practices, while thriving in a dynamic work place. come “take the journey with us