Atlanta, Georgia-based Cox Automotive, the operator of major U.S. auto classified sites Autotrader.com and Kbb.com, has named 11-year company veteran Scott LeTourneau as its EVP and chief financial officer, effective September 19.
He replaces Mark Bowser, who plans to retire at the end of the year after working at Cox Communications for 11 years and as CFO for Cox Automotive for six. Bowser will work with LeTourneau for four months as the latter adjusts to the new role.
LeTourneau has been with Cox since 2012 in various roles, most recently as SVP of corporate development for parent company Cox Enterprises. An M&A expert, LeTourneau will have responsibility for all finance functions and Cox Automotive’s financial services business, NextGear Capital.
“I am excited to add Scott LeTourneau to our outstanding leadership team at Cox Automotive,” Cox Automotive president Steve Rowley wrote in the hiring announcement. “He is a strategic leader with an operator’s mindset and his experience with a variety of industries and business models will help us continue to lead the automotive industry and grow long into the future.”
LeTourneau has worked in financial leadership roles for more than 20 years. Since joining Cox in 2012, he has executed more than 55 strategic transactions with an aggregate deal value of more than $12.0 billion.
Prior to joining Cox, LeTourneau was VP of corporate development for PGi, a vendor of meeting software, and before that, he was an equity analyst at Priderock Management and an investment banking analyst in the M&A group of First Union Securities (formerly Bowles Hollowell Conner & Co.). He earned his MBA from the University of Virginia and holds a bachelor’s degree from Washington and Lee University.