Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Lithia Motors, Inc. (the "Company") is implementing a focused shift to align its information technology and technology teams more closely with the businesses, customers, and products they support. As part of this alignment, George Hines will transition from his role as the Company's Senior Vice President, Chief Innovation and Technology Officer, effective as of March 1, 2026 (the "Transition Date"). Going forward, the core technology functions will now report under Tina Miller, Chief Financial Officer, and Dianna du Preez, Chief Customer Officer.
To support an orderly transition, Mr. Hines will remain with the Company in a non-executive role. Mr. Hines will continue his work on the Pinewood.AI public board of directors, fulfilling his passion to create technology that can improve our industry and our customer experiences. The Company thanks Mr. Hines for his leadership and contributions during his tenure.