To the Editor:
Regarding the item on the recent changes in DealerTrack's board of directors (July 11), the headline, "DealerTrack directors quit," may leave the impression with your readers that there was some ill will, operational problem or other controversy that caused five of our directors to resign.
Nothing could be further from the truth.
The resignations were mutually agreed upon in order to align the board's composition with our future business direction. In addition, we wanted to have a more independent board, mirroring DealerTrack's position in the marketplace as a trusted, independent financing platform.
Chairman and CEO
Lake Success, N.Y.