Lithia Motors Expands Board, Appoints Finance Expert McKinney

An update from Lithia Motors (LAD) is now available.

Lithia Motors, Inc. has expanded its Board of Directors, appointing Cassandra McKinney as a new member effective July 1, 2024. With 30 years of experience in the banking sector and holding an executive position at Comerica Bank, McKinney brings substantial financial expertise to the table. Her compensation includes an annual retainer of $100,000 and restricted stock units valued at approximately $162,500, reflecting standard non-employee director remuneration at the company. She will also participate in the audit and compensation committees, reinforcing the board’s governance and oversight capabilities.

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