Larry H. Miller Group of Cos., the nation’s fifth-largest private auto dealership group, has a new board of directors.
The board is the final step in completing a giant corporate restructuring it started in March that included the departure of CEO Greg Miller, son of the company’s founder.
Gail Miller, 72, who owns the Larry H. Miller Group of Cos., announced the names of the new 12-member board of directors today. It consists of family members, company officials and outside business executives.
“The board’s expertise, combined with that of our executive leadership team, will allow the organization to continue to grow and remain a privately owned company for future generations,” Clark Whitworth, CEO of Larry H. Miller Management Corp., said in a statement.
Besides Whitworth and Gail Miller, the new board members are:
- Bryan Miller, 38, Gail Miller’s son
- Greg Miller, 49, Gail Miller’s son
- Steve Miller, 44, Gail Miller’s son
- W. Steve Albrecht, Gunnell endowed professor, Marriott School of Management and Wheatley Fellow, Brigham Young University
- Dennis Haslam, former president of the Utah Jazz
- Michael Montelongo, chief administrative officer and senior vice president of public policy and corporate affairs at Sodexo Inc.
- Beryl Raff, CEO of Helzberg Diamonds
- Robert Restrepo Jr., chairman of the board for State Auto Insurance Cos.
- Mary Lee Schneider, former president and CEO of Follett Corp.
- Lloyd “Buzz” Waterhouse, senior adviser at New Mountain Capital
The board will provide direction to the company’s leadership team and ensure the company’s culture is preserved, the company said in a statement.
Greg Miller was CEO of the group since 2008 before stepping down in March.
His father, Larry Miller, founded the business in 1979. An acknowledged micromanager, Miller grew the automotive part of the group to 39 dealerships by 2009, when he died of complications from Type 2 diabetes at age 64.
The Larry H. Miller Group of Companies is based in suburban Salt Lake City. It is composed of more than 80 businesses, including the NBA’s Utah Jazz, and properties in 46 states and employs nearly 11,000 people.
In March, when the company announced its new structure, part of that included delegating more decision-making responsibilities to six presidents of various companies.
"The larger the organization becomes, the more difficult it is to run all those decisions through one individual," said Dean Fitzpatrick in March. Fitzpatrick is president of Larry H. Miller Dealerships.
He said the changes will allow the sprawling group to be more aggressive and efficient in buying dealerships or other businesses.
"It puts us in a position to perhaps have some quicker decisions and be more nimble on our feet" by giving more authority to lower-level executives, Fitzpatrick said in March.
His auto retail arm has searched for an acquisition over the past six months across the seven Western states where it owns 54 dealerships, Fitzpatrick said in a recent interview with Automotive News.
He expects to announce a deal by year end or in the first quarter.
Larry H. Miller Group ranks No. 11 on the Automotive News list of the top 150 dealership groups in the United States, with retail sales of 56,182 new vehicles in 2014.