Within a week of promoting an executive to be its senior vice president, chief innovation and technology officer, Lithia Motors looked within its ranks again to find its next senior vice president and chief financial officer.
The dealer group announced on Tuesday that it has promoted Tina Miller to the SVP and CFO position.
Lithia said Miller has held a variety of accounting, financial and audit leadership roles of increasing responsibility at the company for nearly 15 years. Most recently, she served as chief accounting officer and interim principal financial officer.
In her new role, Lithia explained Miller will oversee the accounting, tax, corporate finance, financial planning and analysis, risk management and treasury functions.
“Tina’s finance and accounting leadership and her talented teams have been instrumental in us achieving sector-leading growth while maintaining low leverage,” Lithia president and chief executive officer Bryan DeBoer said.
“After a nationwide search, we are pleased to be able to promote from within our company and we welcome Tina’s perspectives to our senior management team,” DeBoer continued.
“Financial discipline is foundational to our unique growth strategy,” DeBoer added. "Tina’s acute understanding of our capital philosophy, operating model, proprietary performance measurements and network optimization plans will help us accelerate our efforts to increase market share.”
As previously mentioned, Lithia also elevated another executive when it picked George Hines to be senior vice president, chief innovation and technology officer.