09/12/2021

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Cheryl Miller resigns as CFO of JM Family after 3 months

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Cheryl Miller, who still left the CEO publish at AutoNation Inc. very last summer time pursuing a medical depart of absence, has resigned as CFO of JM Household Enterprises just after just a couple of months on the work. The adjust was helpful Wednesday.

Miller, forty eight, started out Jan. 4 in the position with JM Household, a diversified automotive-centered conglomerate in Deerfield Beach, Fla. She previously labored for JM Household, setting up in 2004 as an assistant treasurer, and later was promoted to vice president and treasurer.

In a statement presented by JM Household on Thursday, Miller stated: “In order to devote much more time with family members and on other potential endeavors, I will be taking on a consulting position with JM Household by way of the stop of the year. I search ahead to continuing to operate with the proficient JM staff as they pursue important initiatives and adapt to the continued evolution of the automotive industry.”

JM Household CEO Brent Burns in a statement wished Miller “all the greatest in her potential endeavors” and stated he appreciated her availability to consult with the organization.

“The automotive industry has hardly ever been as dynamic as it is nowadays,” Burns stated in the statement. “Our leadership staff and affiliate bench is deep and JM Family’s potential is very vibrant.”

A organization spokeswoman, when requested no matter whether Miller could go on consulting over and above 2021, stated there is “always possible.”

Miller still left JM for AutoNation in 2009, becoming a member of the nation’s largest dealership group as treasurer and vice president of investor relations. She was promoted to CFO in 2014 and was named CEO in July 2019, just after AutoNation parted methods with CEO Carl Liebert, an industry outsider who used just 4 months as chief govt.

Miller’s tenure major AutoNation also was small. In April 2020, she requested for and was granted a medical depart of absence for undisclosed wellness factors and hardly ever returned. In July, she resigned as CEO and as a member of AutoNation’s board of administrators.

In December, Miller declined to comment on her wellness in the course of her time with AutoNation and what problem led to her medical depart. But she told Automotive Information then that she felt “terrific” and had just operate 5 miles that day.

“JM Household is a environment-course culture,” Miller stated then. “And so an option to appear back again into that culture is like coming household.”

Burns told Automotive Information for a “Day by day Drive” podcast episode this thirty day period that the organization was enthusiastic to have Miller back again and that she could give terrific automobile-retail insight for the group.

“We’re thrilled to have her knowledge that she acquired in that decade when she walked exterior the family members, but open up arms and thrilled to have her back again,” he stated.

Miller, who also serves on Tyson Foodstuff Inc.’s board of administrators, stuffed an opening in the leadership staff as JM Household established a new division centered on supporting the organization improve by way of acquisitions and investments. The company’s previous CFO Ron Coombs turned president of the new division.

JM Household was established by automobile supplier Jim Moran in 1968 and has developed to involve Southeast Toyota Distributors, finance and coverage merchandise service provider JM&A Team, Southeast Toyota Finance, subsidiary business DataScan and the JM Lexus dealership in Margate, Fla.

In 2019, JM Household acquired Property Franchise Concepts, a household-improvement merchandise and providers franchise network that features brands such as Budget Blinds.

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