Sonic Automotive CFO to retire in 1Q of 2013

Sonic Automotive chief financial officer to retire during 1st-qtr of 2013

Associated Press

CHARLOTTE, N.C. (AP) -- Sonic Automotive Inc. says that David Cosper, its vice chairman and chief financial officer, plans to retire sometime during the first quarter of 2013.

Cosper joined the Charlotte, N.C.-based automotive retailer in 2006. The company said late Monday that it's starting a formal search for his replacement.

Sonic shares slipped a penny to $19.11 in midday trading Tuesday. They set a 52-week high of $19.34 on Monday.

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