AutoNation names new CEO, posts strong quarterly profit

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AutoNation names new CEO, posts strong quarterly profit
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AutoNation Inc , the largest U.S. auto dealership chain, on Monday named a new c...

), the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.

Liebert assumed the CEO position on March 11, a month after his hiring was announced from financial services company USAA, where he had been chief operating officer. “I’m also am thrilled that for the first time in history we have a woman who is a CEO of a publicly traded auto retailer,” he said. The second quarter this year included a noncash franchise rights impairment charge of 8 cents a share.

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