CHARLOTTE, N.C., July 27, 2015 /PRNewswire/ -- The board of
directors of Sonic Automotive, Inc. (NYSE: SAH) today announced the
appointment of O. Bruton Smith as
Executive Chairman and B. Scott
Smith to the position of Chief Executive Officer in
conjunction with an executive management realignment. David B. Smith will continue to serve as the
Company's Vice Chairman.
O. Bruton Smith has served as
Sonic Automotive's Chairman and Chief Executive Officer since its
initial public offering in 1997. As Executive Chairman, he
will report directly to the board of directors and will work
closely with the board, the Chief Executive Officer and the Vice
Chairman to engage in the overall leadership and strategic
direction of the Company, guide senior management, coordinate
activities of the board of directors and communicate with the
Company's key stakeholders.
In his expanded role as Chief Executive Officer and President,
B. Scott Smith, who is a co-founder
of the Company and has served as Sonic Automotive's President and
Chief Strategic Officer since 2007, will work closely with the
Executive Chairman, the Vice Chairman, executive management and the
board of directors to develop the strategic direction of the
Company, provide leadership of day-to-day operations and
communicate with the Company's key stakeholders.
The realignment became effective immediately upon approval by
Sonic Automotive, Inc.'s board of directors.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based in
Charlotte, N.C., is one of the
nation's largest automotive retailers. Sonic can be reached
on the web at www.sonicautomotive.com.
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SOURCE Sonic Automotive, Inc.