JACKSON LEAVES MERCEDES FOR AUTONATION

When AutoNation Inc. founder W. Wayne Huizenga announced this summer that he was looking for a new CEO, he said he wanted someone with a strong automotive background.He got what he wanted. Michael Jackson, president of Mercedes-Benz USA Inc. and a former top Mercedes dealer, this month takes the helm at AutoNation, the nation's biggest dealership group.Mr. Jackson succeeds Mr. Huizenga and Steven

When AutoNation Inc. founder W. Wayne Huizenga announced this summer that he was looking for a new CEO, he said he wanted someone with a strong automotive background.

He got what he wanted. Michael Jackson, president of Mercedes-Benz USA Inc. and a former top Mercedes dealer, this month takes the helm at AutoNation, the nation's biggest dealership group.

Mr. Jackson succeeds Mr. Huizenga and Steven R. Berrard. They were AutoNation's co-chairmen. Mr. Huizenga remains as chairman, Mr. Berrard as a board member.

One of Mr. Jackson's top priorities is improving AutoNation's lagging stock performance, a shortcoming which openly irked Mr. Huizenga.

TAGS: Dealers
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