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03-29-2016, 03:15 PM | #1 |
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Steve Landry to become CEO of AutoCanada
News reports indicate that the founder of AutoCanada, Canada's largest publically traded dealer group with 53 stores, will be stepping down and Steve Landry, former president of Chrysler Canada, will become the CEO. Here's a link to the news report - click here
The report indicates that AutoCanada has experienced headwinds as the economy in the Alberta region adjusts to falling oil prices. Although I can hear my Mom's voice ringing in the back of my head, ("If you don't have something nice to say....") I have to take this opportunity to go on record and state that Steve Landry was one of the least talented executives I ever saw at Chrysler. I was not alone in sharing this opinion - I know several people who marveled at how Landry was ever able to climb the corporate ladder. My bet, for what it's worth, is there will be AutoCanada employees who will find this thread in 90 - 180 days and they'll be hit with a sense of eureka; that they are not alone in their assessment of Landry's incompetence. I'm also betting the person who made this statement didn't work at a Chrysler Dealership: “He’s a car guy,” said one dealer who is familiar with Mr. Landry and AutoCanada. “They couldn’t have picked a better guy.”Time will tell and I've been wrong before. That said, I betting that AutoCanada is going to be a great stock to short... |
03-29-2016, 03:39 PM | #2 |
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Steve Landry
DITTO the above comments.
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03-30-2016, 07:40 AM | #3 |
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How do these guys keep getting high level jobs? Makes no sense.
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03-31-2016, 11:05 AM | #4 | |
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Quote:
I'm betting the vast majority of CJDR Dealers remember watching Landry as he did his monthly telecast from Auburn Hills - sometimes with snow falling in the backgrounds. It didn't matter how bleak the outlook was or how insane the marketing plan was, Landry could come out month after month and "parrot" the company line. When I look back at the career of someone who I respect, like Bob Lutz, I wonder if a person with strong sense of character who was willing to take a stand and tell their bosses that they're wrong could succeed in today's environment. My bet is probably not - especially if they're working for Sergio Marchionne. |
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04-03-2016, 09:27 AM | #5 |
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Meanwhile, over at Ford -- ex-GM man Mark LaNeve has announced that the Ford volume program is now more permanent and will stay in force...
Another example of someone who has landed multiple 'big title' jobs with little to show for it when it comes to results. |
04-04-2016, 03:32 PM | #6 | |
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And based on some of the comments I've read following Ford stories in Automotive News it appears many Ford Dealers are not too happy with LaNeve and question whether Ford is still headed in the right direction since Alan Mulally retired. |
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04-07-2016, 07:51 AM | #7 |
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My roots in the Ford world do not run very deep at all.
Over coffee in February I did speak with one Ford dealer in Michigan. It was my understanding the A/Z (employee/retiree) purchases don't pay on the volume program or pay a reduced amount? I imagine this would make hitting the number less important here in the area spanning Michigan, Ohio, Kentucky, Indiana and Illinois -- where there are large swaths of Ford employees. Their assessment of the situation was 'we would like to hit the number, but as long as we are more profitable without chasing it, we don't mind being in the middle of the district instead of at the top.' |
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