Automotive News Updates

JM Household Enterprises names Ravi Abbineni as its CFO

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JM Household Enterprises has named a brand new CFO, a place it had crammed a 12 months in the past with former AutoNation Inc. CEO Cheryl Miller, who vacated the function after three months.

The Deerfield Seaside, Fla., firm mentioned Wednesday that it had employed Ravi Abbineni as its new finance chief. Abbineni joins the $18 billion diversified automotive-focused conglomerate with 20 years of expertise throughout a number of industries. He most not too long ago was CFO and head of technique for Residents Industrial Banking, a part of Residents Monetary Group Inc.

In a press release, JM Household CEO Brent Burns mentioned Abbineni’s breadth of expertise and monetary trade data make him a super candidate.

Eric Gebhard, group vice chairman and treasurer, was named interim CFO in Could. He’ll now deal with these earlier duties, the corporate mentioned.

Auto seller Jim Moran based JM Household in 1968.

The non-public firm has grown to incorporate Southeast Toyota Distributors, finance and insurance coverage merchandise supplier JM&A Group, Southeast Toyota Finance, subsidiary enterprise DataScan and a Lexus dealership in Margate, Fla.

Three years in the past, the corporate expanded by shopping for House Franchise Ideas, a house enchancment services and products franchise community.


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