AutoNation CEO Takes Leave of Absence 'For Health Reasons'

Shares of new and used car dealer AutoNation (NYSE: AN) have been hammered by the coronavirus outbreak, and the resulting drop in consumer spending, and the confinement of would-be car-shoppers to quarters via "stay-at-home" orders. Today, the next shoe dropped, when AutoNation announced that "Cheryl Miller, Chief Executive Officer and President of the Company [is taking] leave of absence for health reasons ... effective as of April 13, 2020."  

Image source: Getty Images.

AutoNation provided no further details on its CEO's request for medical leave, in particular not saying whether it is related to COVID-19, and has "declined to provide more details about the CEO's health," reports Reuters. The company stated that Executive Chairman of the Board Mike Jackson will fill in as Chief Executive Officer and President "until Ms. Miller returns."  

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Source Fool.com