Gannett names president and CEO of Cars.com
McLean-based Gannett has named Alex Vetter president and CEO of Cars.com. Gannett bought the site, which provides car shoppers with independent research, for $1.8 billion earlier this year.
Vetter, who is based Chicago, previously was Cars.com’s executive vice president and chief operating officer. He replaces Cars.com’s former CEO Dan Jauernig who has joined a major financial services firm and is moving to Toronto to be closer to his family.
According to Gannett, Vetter helped Cars.com grow from a startup to a company that employs more than 1,300 people. He has served in a variety of roles at Cars.com including vice president of sales; director of product development and operations; manager of affiliate operations and manager of business development for Classified Ventures.
Vetter is also a technology investor and sits on the boards of several digital technology companies. In 2007, he was named to Crain's Business “40 Under 40.”
Besides acquiring Cars.com, Gannett also announced this year plans to spin-off its publishing business from its broadcast and digital side.