Trader Interactive CEO Lori Stacy will retire effective Dec. 14. She will be succeeded by current company Chief Operating Officer David McMinn.
Stacy will remain as chairman of the board.
Stacy has spent 25 years with Trader Interactive, the parent company of RV Trader and other online marketplaces. She began with the company as an Auto Trader sales manager in 1997.
“Now is the right time for me to step back and embark on a new chapter in my life so I can focus on my passions and spend more time with my family,” Stacy said. “I have never been more confident in the team and the work we are doing than right now. Our leadership team is the strongest it has ever been, we have an amazing partnership with our owners and I see nothing but positive momentum ahead. TI is a part of me, and I am dedicated to seeing it thrive in the years to come.”
Stacy took over as CEO in 2017, the same year private-equity firms Goldman Sachs Asset Management and Eurazeo bought the company. In 2022, carsales.com LTD became the company’s third investment partner, then bought all Trader Interactive’s shares earlier this year.
Cameron McIntyre, CEO of CAR Group (formerly known as carsales.com LTD, said, “Lori is a strong, capable leader who built a world-class business attracting happy customers, loyal and passionate employees and satisfied buyers and sellers. She crafted an impressive and enviable culture during her tenure here.”
McMinn has been Trader Interactive’s chief financial officer and chief operating officer. Before joining Trader Interactive, he served as Trader Corp.’s chief operating officer, transitioning the company’s Autotrader from print to Canada’s top digital automotive platform.
“Trader Interactive is unique with a thriving culture and so many opportunities to continue to build value for our customers,” McMinn said. “Lori and the team have built a great business and I am honored to lead the world-class team here at TI. We have an exciting future ahead of us.”
The company said McMinn’s core CEO objectives encompass setting and executing the organization’s strategy, resource allocation and overseeing the executive team.
“We are indeed excited about the future under David’s leadership,” McIntyre said. “David will continue Trader’s legacy of focusing on the customer, working as one team, driving innovation, acting with integrity and building value.”
