On June 26, 2024, the Board of Directors of Lithia Motors, Inc. elected Cassandra McKinney to fill a vacancy created by the expansion of the Board from seven to eight directors, with service beginning July 1, 2024. Ms. McKinney has spent the past 30 years as a senior executive with prominent banking institutions. She is currently EVP, Retail Bank for Comerica Bank, and a member of Comerica?s Management Executive Committee where she is responsible for the company?s Consumer and Small Business banking segments which contributed revenue of $965 million in 2023.

She runs an approximate $27 billion deposit and loan portfolio, as of December 31, 2023, and is accountable for over 2,500 Comerica colleagues, over 400 banking centers, and over 600 ATMs/ITMs. She joined Comerica in 2005 as SVP, Retail Director of Product and Sales Management. She became SVP, Director of Retail Operations in 2011 and was named SVP, National Director of Retail Delivery and Strategic Services in 2016. Ms. McKinney holds Bachelor?s Degrees in Chemical Engineering from Columbia University and Chemistry from Dillard University.

Ms. McKinney will serve as member of the Company's audit and compensation committees.