LAKE SUCCESS, N.Y. -- DealerTrack Holdings Inc., a provider of dealership software, says five directors have resigned from its board. DealerTrack CEO Mark O'Neil says "a more independent board is in the best interest" of the company. He says changes in board membership will "better reflect the evolving scope of our business."
The company named Thomas Gibson to its board, which now has seven members. Gibson is a former chairman of Asbury Automotive Group and COO of Subaru of America Inc.
DealerTrack software enables dealerships to handle customer credit applications and vehicle finance contracts online.