Dec. 18, 2018—AutoNation, Inc. announced that its board of directors elected Rick L. Burdick as its lead independent director effective Dec.17, 2018. Burdick is a long-standing director of the company and a partner in Akin, Gump, Strauss, Hauer & Feld, L.L.P., a global full service law firm.
"After nearly nine years of serving on AutoNation's board, I believe now is the right time for me to transition off and focus on managing other positions within our fund's portfolios," Larson said. "As a long-time AutoNation investor and board member, I am proud of the leadership team's many accomplishments and wish them only the best for a bright and strong future."
AutoNation also announced that Michael Larson informed the company that he is stepping down from the company's board of directors, effective as of Dec. 17, 2018, the date of this year's last scheduled meeting of the board.
"We thank him for his many years of service on the board and his contributions to the company and our shareholders and wish him the best," said Mike Jackson, AutoNation's chairman, chief executive officer and president."
