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AutoNation CEO moving into new role

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AutoNation's Mike Jackson, the company's CEO for 20 years, is stepping down.

Jackson is moving into the executive chairman role, prompting a search for a new CEO and president in 2019.

“I going to be 70 years old (next year) and I’ve been CEO for 20 years,” said Jackson. “It’s a good moment to hand the baton to an exciting new CEO.”

Read more from the South Florida Sun Sentinel.

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