Sonic Automotive Names Stephen Carvelli as Chief Technology Officer | Business

Lyle Ellerbee

CHARLOTTE, N.C.–(Organization WIRE)–Mar 22, 2022–

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), a Fortune 500 corporation and 1 of the nation’s major automotive stores, these days declared the appointment of Stephen Carvelli as Chief Know-how Officer of Sonic Automotive and EchoPark Automotive, a subsidiary of Sonic Automotive.

This press release features multimedia. Look at the whole launch right here: https://www.businesswire.com/news/household/20220322005129/en/

Stephen Carvelli CTO, Sonic Automotive (Photo: Small business Wire)

Carvelli joins the organization following most a short while ago serving as the Vice President of Software Growth Engineering for Comcast Company. He has around 25 years of working experience in technology getting led a wide range of technology method, implementation, and digital retailing features at Lowe’s, Chico’s, and American Eagle.

“We are thrilled to carry Stephen Carvelli on board as our company’s very first Main Technologies Officer,” mentioned David Smith, CEO of Sonic Automotive and EchoPark Automotive. “His abilities in technological know-how method, combined with his prior perform producing electronic retail remedies, aligns with our motivation to supplying an excellent guest encounter to people who shop on-line or in-store at our Sonic and EchoPark dealerships.”

The appointment of Carvelli as CTO even more solidifies Sonic Automotive’s motivation to the extensive-expression accomplishment of its advancement plan for the franchised dealership network and EchoPark Automotive. At this time, the corporation has 111 franchised dealership areas, 36 EchoPark destinations, and an aggressive advancement prepare to continue increasing the network in 2022 and outside of.

“This is a massive working day for our enterprise and the long run of our technological innovation platform,” reported Jeff Dyke, President of Sonic Automotive. “Stephen’s background top engineering infrastructure approach and his results utilizing electronic retail initiatives complements our growth strategy and target to offer an exceptional electronic and in-retail outlet encounter for our company. He’s also a great cultural suit with our teammates.”

“I am energized to be a part of Sonic and EchoPark and help the company’s purpose to present an fantastic electronic and related in-shop guest working experience,” said Stephen Carvelli. “By keeping our friends at the forefront of every thing we do, and leveraging the hottest know-how, we will provide a differentiated digital automotive guest practical experience.”

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 company centered in Charlotte, North Carolina, is on a quest to turn into the most beneficial automotive retailer and services brand in The united states. Our Company culture thrives on building, innovating, and offering market-major guest activities, pushed by strategic investments in engineering, teammates, and tips that eventually satisfy ownership goals, enrich life, and supply joy to our guests and teammates. As a person of the largest automotive shops in The us, we are dedicated to delivering on this intention whilst pursuing expansive development and having progressive steps to be the chief in this classification. Our new platforms, systems, and people are set to generate the up coming generation of automotive experiences. Extra details about Sonic Automotive can be discovered at www.sonicautomotive.com and ir.sonicautomotive.com.

About EchoPark Automotive

EchoPark Automotive is one particular of the fastest escalating and most detailed retailers of almost new pre-owned autos in The united states today. Our rapid advancement system is predicted to provide our exclusive enterprise product to 90% of the U.S. population by 2025, employing one of the most revolutionary technological know-how-enabled gross sales approaches in our field. Our technique delivers a individualized and confirmed visitor-centric obtaining procedure that continually delivers award profitable guest ordeals and top-quality value to auto prospective buyers nationwide, with financial savings of up to $3,000 compared to the opposition. We believe that EchoPark is on pace to develop into the #1 retailer in the almost new pre-owned motor vehicle market by 2025, and is now producing its mark by earning the 2021 Customer Fulfillment Award from DealerRater, expanding its Owner Knowledge Facilities, creating an all-new digital ecommerce platform and focusing on expanding its brand name nationwide. EchoPark’s mission is in its name: Each and every Motor vehicle justifies a Pleased Operator. This drives the auto acquiring encounter for visitors and differentiates EchoPark from the competition. More information and facts about EchoPark Automotive can be discovered at www.echopark.com.

Forward-Searching Statements

Included herein are ahead-seeking statements, together with statements with regards to anticipated foreseeable future U.S. populace protection for EchoPark, predicted long run income projections, and predicted upcoming retail unit gross sales volume projections. There are numerous variables that influence management’s views about future activities and trends of the Company’s organization. These factors involve pitfalls and uncertainties that could trigger precise benefits or tendencies to differ materially from management’s views, together with, devoid of limitation, economic situations in the marketplaces in which we work, new and used motor vehicle sector product sales quantity, expected foreseeable future development in our EchoPark Phase, the success of our operational methods, the level and timing of in general economic enlargement or contraction, the outcome of the COVID-19 pandemic and connected govt-imposed limitations on operations, and the danger components described in the Company’s Annual Report on Kind 10-K for the 12 months ended December 31, 2021 and other reviews and information and facts submitted with the Securities and Trade Commission (the “SEC”). The Corporation does not undertake any obligation to update forward-looking information, other than as essential underneath federal securities legal guidelines and the regulations and rules of the SEC.

See resource variation on businesswire.com:https://www.businesswire.com/news/property/20220322005129/en/

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Search term: UNITED STATES NORTH The us NORTH CAROLINA

Marketplace Key phrase: AUTOMOTIVE General AUTOMOTIVE

Source: Sonic Automotive, Inc.

Copyright Organization Wire 2022.

PUB: 03/22/2022 06:55 AM/DISC: 03/22/2022 06:55 AM

http://www.businesswire.com/information/property/20220322005129/en

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