Bryan DeBoer is 53, he's been the President, Chief Executive Officer, and Director of Lithia Motors since 2012. Ladies and gentlemen, we have reached the end of the question-and-answer session. "Even though we're in Detroit, we're really not into the other major population areas like St. Louis and Minneapolis," DeBoer said. There is a Porta-Potty near Lithia Park, Black said. Same-store used vehicle sales also increased more than 11%, as consumers doled out more money on cars. Bryan has an avid appreciation of wine and community and has worked on the Hearts & Vines Foundation Board of Trustees and also served as President. home was intended to be a botanical endeavor. Parks and Recreation Director Michael Black said, over the years, hes watched Pioneer Hall change from a meeting place to a building periodically opened as a shelter while its neighboring building, the community center, has been completely closed. Upon joining Lithia in 1989, Mr. DeBoer grew through the store positions of Finance Manager, Used Vehicle Manager, General Sales Manager, General Manager and multi-store General Manager. "But it's just the beginning.". Bryan DeBoer, CEO of Lithia Motors, and his wife Stephanie chose the property in part because of their family's historical connection to the lot and park. Councilor Gina DuQuenne, who has served as council liaison with the citys Housing and Human Services Commission, agreed she also likes the Grove, which serves as a multipurpose building for Parks and Recreation. So it looks like Lithia Motors compensates Bryan DeBoer in line with the median for the industry. Chase broke down the cost estimates into tiered priorities a menu designed to allow the city to chose from basic utility up to fixing every problem and increasing energy efficiency. . Despite that breakneck pace, DeBoer is quick to point out that the industry remains fragmented. Data is a real-time snapshot *Data is delayed at least 15 minutes. They just send out an email saying, Were calling the shelter, and thats it, said Avram Sacks, a volunteer who helps organize and train volunteers for the shelter. Bryan Deboer, Chief Executive Officer, Lithia chairman's sacrifice helps drive surge in stock. The home provides a natural, free flowing transition between public and private. Nov 20, 2022 01:00 AM A A The residence of Lithia Motors CEO Bryan DeBoer and his wife, Stephanie, is next door to the Ashland warming shelter at Pioneer Hall. As of Nov. 16, Lithia's U.S. dealership count stood at 266. Bryan is the 2014 SOU Distinguished Alumni of the Year award recipient. There are 12 older and 6 younger executives at Lithia Motors. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place, nearly quadruple 2019's revenue of $12.67 billion, Canadian retailer Pfaff Automotive Partners, each revealed plans in September to acquire large private groups. Id love to see (the warming shelter) at the Grove, Akins said. Prior to becoming CEO of the company founded by his grandfather, Walt, DeBoer had been Lithia's COO and president, senior vice president of M&A/operations and general manager of a Honda dealership in Oregon. Concerned about the content? Lessard said he has not heard from residents, but he has heard from the Ashland library in its struggle with people camping or using the bathroom in inappropriate places. Lithia's goal is to deliver and service vehicles within any 100-mile radius in the lower 48 states and within a 100-mile radius of 90 percent of the population in Alaska and Hawaii through expansive growth and improved operational developments.The publicly traded company has made significant progress nearly a year and a half since the plan was introduced. He is a member of various automobile industry organizations, including the ADP National Strategic Dealer Advisory Board, American Import Automotive Dealers Association (AIADA), Oregon Auto Dealers Association (OADA), and The Presidents Club of the National Auto Dealers Association (NADA). $43.44K . In the months since CEO Bryan DeBoer announced his audacious five-year plan, Lithia Motors Inc. has . We really believe that at Lithia and Driveway, we have the ability to continue to grow that network out to the 500 approximate stores to really get to that 100-mile density that allows us to really service consumers wherever they choose, whenever they choose and however they choose.". "Now we're getting a taste of that and really are enjoying what we're seeing in those markets.". Moreover, Bryan DeBoer also holds US$90m worth of Lithia Motors stock directly under their own name, which reveals to us that they have a significant personal stake in the company. DeBoer's execution on his vision for Lithia is among the reasons he was selected among Automotive News' 2021 All-Stars as the Industry Leader of the Year. Once in a while Ill ask, and theyll just tell me the latest. Master bathroom exists to wrap around path and private seating area. During the Nov. 14 City Council study session, Stephen Chase, a lead designer with the firm, presented its findings. On average, Bryan DeBoer works for one company for 7 years 9 months. Sep 2016 - Apr 20214 years 8 months. In July 2020, the Medford, Ore., retailer revealed an ambitious five-year plan to reach $50 billion in annual revenue by 2025 nearly quadruple 2019's revenue of $12.67 billion and more than double its store count to a total of 500 U.S. dealerships. Lithia Motors Inc's most recent insider trade came on September 15, 2022 by Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. LITHIA MOTORS INC -CL A income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. There are 12 older and 6 younger executives at Lithia Motors. 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For the Community Center all repairs could cost over $1.6 million. "And make sure that you understand that David Fischer [of the Suburban Collection] and his team in Detroit know way more about the Detroit marketplace, the consumers, their associates and the competition than we will ever know. 2023 CNBC LLC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Lithia Motors CEO on Driveway strategy: 'Car service in your slippers'. (Podcast). You are our neighbors in a zoned residential area and are not acting as such, DeBoer said in the email. There are no executives at Lithia Motors getting paid more. Bryan DeBoer, who became president of Lithia in 2006, helped steer the company through the downturn and positioned it to come out on the other end in much better shape. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? The chart on this page features a breakdown of the total annual pay for Bryan B. DeBoer, President and Chief Executive Officer at LITHIA MOTORS INC -CL A as reported in their proxy statements. Haig Partners: How are dealerships being valued today? Important note: Lithia Motors is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. The DeBoer Residence is an urban contemporary home located across from Ashland, Oregons famous Lithia Park. stock awards of $3,856,830 , the homeowners were able to amplify their livable space. Jackie Charniga. In total, Bryan Deboer has made about 71 transactions over 19 years of their time at Lithia Motors Inc. Over the last 20 years, insiders at Lithia Motors have traded over $211,670,103 worth of Lithia Motors stock and bought 7,521 units worth $727,772 Bryan DeBoers grandparents on each side of his family had asignificant role in the small community since the 1930s. "We made a little over a quarter billion dollars in net profit in Q3, which is a good start to be able to buy even more" dealerships, Lithia Motors CEO Bryan Deboer said after posting an earnings beat. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. This information is according to proxy statements filed for the 2016 fiscal year. 1155 Gratiot Avenue Bryan was born and raised in southern Oregon, where his family has strong roots. He is also on the board of DCH Torrance Imports, Inc. and Member of National Automobile Dealers Association, Member of American International Automobile Dealers Association and Member of Oregon Auto Dealers Association. The company posted $3.6 billion in revenue in the third quarter, which saw a rebound in used car sales amid the pandemic. In an automotive retail landscape in the midst of a fast-paced era of consolidation, one group and one executive are operating at a different level: Lithia Motors Inc. and its CEO, Bryan DeBoer. In his email to city officials, DeBoer asked the city to find a new location for the shelter and return the building to the community. Every aspectfrom the rear yard to the basement daylight strategies leave no space or areacompromised in the experience of home or nature. Carlos Delgado, Architect. Lithia Motors, Inc. (NYSE:NYSE:LAD) Q4 2020 Earnings Conference Call February 03, 2021, 10:00 ET Company Participants Eric Pitt - VP, IR & Treasurer Bryan DeBoer - CEO, President &. Lithia added about $3.5 billion in revenue from its 2020 acquisitions. Sign up for free newsletters and get more CNBC delivered to your inbox. The mature plantings disguise any hint that the home is new construction. This sort of respectable year-on-year revenue growth is often seen at a healthy, growing business. His grandfather, Walt DeBoer started Lithia Motors in Ashland, OR, in 1946. It used to open when a low of 28 degrees was forecast. "I know as we reach further into the year, there probably won't be . A complaint sent in the middle of the night from one of Ashlands most well-known citizens to the citys top government officials insisted on changes for the citys warming shelter, spurring a series of conversations and a growing understanding that something has to give for Ashland to continue offering its severe weather shelter. Lithia Motors, Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest growing companies in the Fortune 500 (#265-2019). Stephanie and Bryan DeBoer have an unusual degree of interest in the spectacular garden of their home at 85 Winburn Way, as well they should. Working within the height and size perimeters of the historic district was a fun Fellow public companies Group 1 Automotive, Sonic Automotive Inc. and Asbury Automotive Group Inc. each revealed plans in September to acquire large private groups. Bryan Deboer overall profits continue to grow daily, and he is gaining popularity on all sides. Bryan B Deboer, Lithia Motors Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Next Big Risk Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the. Lithia Motors executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Bryan DeBoer confirmed Stephanie had been attempting to build bridges with their neighbors. DeBoer recently sent an email. One of the trees was brought in on a flatbed semi and weighed 7000 lbs! A Division of NBCUniversal. People identifying themselves as homeless have complained of poor treatment. Follow her on Twitter @MRothborne. Lithia has gobbled up a dozen car dealerships in the past two months, padding its network with locations from New York state to California. Bryan DeBoer has been working as a CEO and President for Lithia Motors for 3928 days. The front exterior faces Lithia Park in downtown Ashland, OR. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. I would like to turn . Bryan Deboer owns about 229,519 units of Lithia Motors Inc common stock. This article by Simply Wall St is general in nature. He offered financial and volunteer help from himself and his wife, Stephanie. Lithia said it has acquired stores including a Harley-Davidson dealership, its first entry into motorcycle sales representing about $6.5 billion in annualized revenue in 2021 as of Nov. 16. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance. The stock is up 77% year to date. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. In. Concentrix: How can customer data drive a better automotive CX? square feet. 3 on Automotive News' most recent list of the top 150 dealership groups based in the U.S., retailing 171,168 new vehicles in 2020. As of 3 March 2021 he still owns at least 225,894 units of Lithia Motors stock. Prior to becoming CEO, Mr. DeBoer was Senior Vice President of Mergers & Acquisitions/Operations and then Chief Operating Officer driving the growth of Lithia and transforming the company culture to an entrepreneurial and high performance model. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. The most active traders at the company are I grew up planting trees, carrying dirt, moving rocks, cleaning up trash and weeding in this park, and we, like many others, are in love with its beauty, said DeBoer, referring to Lithia Park, which borders his yard. Due to insurance liability issues, Ashland cannot run its own shelter, and it currently does not offer funding nor staff for the emergency shelter at Pioneer Hall, which is opened when extreme heat or extreme cold are forecast. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The largest trade he's ever made was exercising 80,000 units of Lithia Motors stock on 25 April 2013 worth over $429,600. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. This is one of my first projects where we wanted beauty to stand out whennoticed, not so prominent as to overwhelm the passerby. Lithia Motors CEO Bryan Deboer breaks down the company's Driveway e-commerce business and its plans to compete with Carvana in the used-car market. Bryan showed an early interest and desire in the family automotive business and soon followed in both Walts and father Sids footsteps. Cleveland/Akron, Ohio Area. Find Bryan Deboer's phone number, address, and email on Spokeo, the leading online directory for contact information. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Shauna McIntyre who sold, In the last 19 years, insiders at Lithia Motors Inc have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/1023128/000114036121008544/nc10018721x2_def14a.htm, Mailing address is 150 N. Bartlett Street Medford OR 97501 OR. With both, The home's exterior wood is teak and cedar. The car market has been one of the bright spots in an economy marred by a pandemic-induced slowdown. We should have had trainings. We told them we dont want to run the risk of working without trained people, he said. The DeBoers took three years to plan and build their home and every aspect ofits design and materials was determined before breaking ground. Theres always been challenges from the neighbors, no matter where we hold the meals for the homeless or the shelters, Sacks said. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Engaged community leaders, partners, donors and supporters in . 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