Lithia Motors Inc.
04/15/2025 | Press release | Distributed by Public on 04/15/2025 15:00
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Adam A. Chamberlain will transition from his current role as Executive Vice President, Chief Operating Officer at Lithia Motors, Inc. (the "Company") to assume the role of CEO of Mercedes-Benz USA, and therefore is resigning from his position with the Company, effective June 1, 2025. Upon Mr. Chamberlain's departure, the Company's regional presidents and regional vice presidents will report directly to Bryan DeBoer, Chief Executive Officer.