(Reuters) – AutoNation Inc named Thomas Szlosek as its chief financial officer, effective on or about Aug. 7, the auto retailer said on Tuesday.
Szlosek will move from medical product maker Avantor Inc, where he is currently finance chief.
AutoNation’s current CFO Joe Lower will transition to a newly created role where he will oversee all business transformation initiatives.
“I now have the opportunity to take a leading role in many of our business transformation projects,” Lower said.
In its most recent quarter, the car retailer missed Wall Street estimates as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses.
(Reporting by Nathan Gomes in Bengaluru)