On September 30, 2022, the Board of Directors of Lithia Motors, Inc. elected James Lentz to fill a vacancy created by the Board's expansion from seven to eight directors, with service beginning October 1, 2022. As a non-employee director of the company, Mr. Lentz will be compensated according to the company's non-employee director compensation practices, which are described under the heading Non-Employee Director Compensation" in the company's proxy statement for its 2022 annual meeting of shareholders, which was filed with the U.S. Securities and Exchange Commission on March 11, 2022. Mr. Lentz spent 38 of his 42-year automotive career with Toyota after beginning his career at Ford Motor Company.

After holding various executive positions in the Toyota division beginning in 2006, where he oversaw sales, logistics and marketing activities for Toyota and Scion regional sales offices and distributors, he was president and chief operating officer and then chief executive officer of Toyota Motor Sales U.S.A., Inc. (TMS) from 2009 to 2013. Prior to his retirement in 2020, Mr. Lentz also served in a global advisory capacity as a managing officer for the parent company Toyota Motor Corporation, located in Japan (2008-2020), chief executive officer of Toyota Motor North America, Inc. (TMNA") (2013-2020), and chief executive officer of Toyota Motor Engineering & Manufacturing, North America, Inc. (TEMA") (2016-2017). In these roles, Mr. Lentz was responsible for all North American sales, marketing, product planning, corporate planning and corporate affairs as well as distribution for Toyota, Scion and Lexus products in the United States, including responsibilities for Toyota Motor Manufacturing Canada Inc., and oversight for Toyota Canada, Inc. In addition to his business management and leadership experience, Mr. Lentz previously served as a director on the boards of TEMA, TMA, TMS, Toyota Motor Credit Corp, and Toyota USA Foundation, and as chairman and a member of the board of the Alliance of Auto Manufacturers.

Mr. Lentz holds a Bachelor's Degree in Marketing and Economics and a Masters of Business Administration Finance from the University of Denver. Lithia anticipates that Mr. Lentz will serve on the Board's compensation and audit committees.