Former Cox Communications executive vice president and chief strategy officer Dallas Clement has joined AutoTrader.com, an online and software company majority owned by Cox Enterprises.
Clement, who had been with Cox Communications for about 20 years, will be AutoTrader's chief financial officer, responsible for its finance, business development and facilities departments, effective Feb. 7..
"Dallas is a seasoned and respected financial executive whose rich set of experiences and capabilities will be a significant addition to AutoTrader.com," CEO Chip Perry said in a statement. "With his 20-year tenure at both Cox Enterprises and Cox Communications I am confident that Dallas will add considerable value as we continue to manage AutoTrader.com for long-term success."
Clements joined Cox in 1990 and was later promoted to manager of investment planning and director of finance. In 1995 he became assistant treasurer of Cox Enterprises and has served for four years as treasurer of Cox Communications, with responsibility for Cox's investor relations, mergers and acquisitions, capital structure and financial planning and analysis. In 2004 Clement received the National Cable & Telecommunications Association Vanguard Award for Young Leadership.
A highly respected executive in the industry, Clement's role at Cox began changing last year, when in June the Atlanta-based MSO tweaked his title to EVP and Chief strategy officer from EVP and chief strategy and product officer. The change came at the same time Cox chief technology officer Scott Hatfield resigned.
Last week, Cox announced some changes to field operations, reducing the number of operating regions from 11 to nine and expanding the role of senior vice president Jill Campbell to include oversight of its entire field systems.
AutoTrader.com is part of Cox Enterprises and includes used vehicle management software company vAuto, Kelley Blue Book and HomeNet Automotive, a provider of online inventory management and merchandising solutions for the automotive retail industry. AutoTrader.com attracts more than 15 million unique visitors per month and is a majority-owned subsidiary of Cox Enterprises. Providence Equity Partners is a 25 percent owner of the company and Kleiner Perkins Caufield & Byers is also an investor.
According to Cox Enterprises 2009 annual report, the latest available, AutoTrader.com had revenue of $629 million. Cox Communications had 2009 revenue of $9 billion, according to the report.
