O. Bruton Smith has served as Sonic Automotive's Chairman and Chief Executive Officer since its initial public offering in 1997. As Executive Chairman, he will report directly to the board of directors and will work closely with the board, the Chief Executive Officer and the Vice Chairman to engage in the overall leadership and strategic direction of the Company, guide senior management, coordinate activities of the board of directors and communicate with the Company's key stakeholders.
In his expanded role as Chief Executive Officer and President, B. Scott Smith, who is a co-founder of the Company and has served as Sonic Automotive's President and Chief Strategic Officer since 2007, will work closely with the Executive Chairman, the Vice Chairman, executive management and the board of directors to develop the strategic direction of the Company, provide leadership of day-to-day operations and communicate with the Company's key stakeholders.
The realignment became effective immediately upon approval by Sonic Automotive, Inc.'s board of directors.
Sonic Automotive, Inc. (NYSE: SAH) is a Fortune 500 company based in Charlotte, North Carolina, and is one of the largest automotive retailers in the United States. The company's founder and CEO is O Bruton Smith, who is also the founder and CEO of Speedway Motorsports (NYSE: TRK).  Sonic ranked 309th on the 2014 Fortune 500 list. The company also is a member of the Russell 2000 Index.
Sonic Automotive operates in 14 states with more than 100 dealerships representing 25 different brands of automobiles.These dealerships provide numerous services, including sales of new and used cars; sales of replacement parts; vehicle maintenance, warranty, paint, and collision repair services; and arrangement of extended warranty contracts, financing, and insurance for the company's customers.