Lithia & Driveway Names Scott Cooke Operations President
Lithia & Driveway (NYSE: LAD) appointed Scott Cooke/b as Operations President, adding more than 25 years of experience from Toyota Financial Services, where he most recently served as President and CEO overseeing over in managed assets.
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Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) appointed Scott Cooke/b as Operations President, adding more than 25 years of experience from Toyota Financial Services, where he most recently served as President and CEO overseeing over
Positive
- Experienced hire: Scott Cooke brings 25+ years at Toyota Financial Services, including President and CEO over $150 billion in managed assets.
- Expanded operations leadership: New Operations President role spans Southeastern and South Central stores, DFC, and Finance & Insurance.
- Succession planning: Appointment aligns with DFC leader Chuck Lietz’s planned retirement in 2027, supporting leadership continuity.
Negative
- None.
Details
News Market Reaction – LAD
On Aug 25, the day this news came out, LAD closed 0.84% above the previous close.
Data tracked by StockTitan Argus for the Aug 25 session.
Key Figures
- Automotive finance experience
- 2.5 decades
- Scott Cooke's experience with Toyota Financial Services
- Managed assets
- More than $150 billion
- Business led by Scott Cooke at Toyota Financial Services
- Retirement timing
- 2027
- DFC leader Chuck Lietz is preparing to retire
Historical Context
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Advanced to No. 426 on the Fortune Global 500 based on prior-year revenue.
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Reported higher earnings, raised the dividend, and repurchased $242 million of stock.
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LAD independent director Cassandra McKinney joined NACD North Texas's new board.
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Scheduled release of second-quarter 2026 results before the July 29 market open.
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Rose to No. 123 on the 2026 Fortune 500 list as the top-ranked U.S. automotive retailer.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MEDFORD, Ore., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD) today announced the appointment of Scott Cooke as Operations President and welcomes his leadership, experience and passion to further advance its mission of Growth Powered by People.
Scott brings two and a half decades of experience with Toyota Financial Services, most recently serving as President and CEO, where he led an integrated business that touched virtually every aspect of the vehicle ownership lifecycle, with more than
As Operations President, Cooke will lead performance across the Southeastern and South Central Store Operations, Driveway Finance Corporation (DFC), and Finance & Insurance, aligning operational, financial, and people strategies to drive customer loyalty, operational excellence, and long-term shareholder value.
"Scott is a perfect cultural fit and proven leader with deep operational expertise, a customer-first mindset, and an impressive track record of delivering results," said Bryan DeBoer, President and CEO of Lithia & Driveway. "As we continue executing our strategy, Scott's leadership will help accelerate performance across our platform while advancing our mission of Growth Powered by People. His experience building high-performing teams and creating scalable operational excellence makes him an outstanding addition to our executive leadership team."
Scott joins Mike Cavanaugh, recently promoted to Operations President, Bryan Osterhout, Operations President in the Western Region, and Neil Williamson, Operations President in the UK, as part of LAD’s senior operations leadership team. Together, they bring deep operational experience and a shared focus on developing people, improving performance, and driving sustainable growth across the organization.
The appointment comes as DFC leader Chuck Lietz prepares to retire in 2027. Throughout his career with LAD, Chuck has played an important role in the company's operational success and leadership development efforts.
"We are grateful for Chuck's many contributions to Lithia & Driveway and the impact he has had on our people, culture, and performance," DeBoer said. "His leadership has been nothing short of remarkable helping build a strong foundation for continued growth, and we look forward to culminating his illustrious career together over the next few quarters and his retirement."
These leadership transitions reflect Lithia & Driveway's commitment to developing talent and building a deep leadership bench capable of supporting the company's long-term growth strategy.
Guided by its mission of Growth Powered by People, LAD remains focused on delivering a high-performance culture while making Auto Done Easy for customers through seamless experiences, operational excellence, and a relentless commitment to earning customer loyalty wherever, whenever and however they choose.
Media Contact lithia@skyya.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is the new Operations President at Lithia & Driveway (NYSE: LAD) in August 2026?
What will Scott Cooke oversee as Operations President at Lithia & Driveway (LAD)?
How does Scott Cooke’s background support his new role at Lithia & Driveway (LAD)?
How does the Operations President appointment relate to Driveway Finance Corporation leadership at LAD?
Who are the other Operations Presidents on Lithia & Driveway’s (LAD) senior leadership team?
What strategic goals does Lithia & Driveway aim to support with Scott Cooke’s appointment?
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