Trader Interactive CEO Lori Stacy Retires, Succeeded by David McMinn

Company Has Grown Exponentially under 25 Years of Stacy’s Leadership

VIRGINIA BEACH, VA – November 21, 2023 – (Motor Sports NewsWire) – Trader Interactive, the parent company of leading online marketplaces in the lifestyle vehicle and commercial equipment industries, has announced the retirement of its CEO, Lori Stacy, after an illustrious 25-year career. She will be succeeded by David McMinn, who currently serves as the company’s Chief Operating Officer.

Stacy began as a sales manager at Auto Trader in 1997 and steadily ascended through the ranks as she increased focus on non-automotive brands, ultimately moving into the CEO position in 2017. She leaves a lasting legacy that includes overseeing the transformation of Trader’s business from newsprint magazines to the digital marketplace business it is today. The leadership team identified the opportunity to go digital early on in 1996, and the company launched digital marketplaces to better serve growing consumer demand for online classifieds.

These marketplaces and associated web services continued to grow and prosper under Stacy’s leadership and the ownership of Norfolk, VA-based Dominion Enterprises. That growth attracted the attention of private equity companies Goldman Sachs Asset Management and Eurazeo, who in 2017 bought what would become Trader Interactive making it a standalone company. carsales.com LTD became Trader Interactive’s third investment partner in 2022 and purchased the remaining shares earlier this year, becoming Trader’s sole owner.

Stacy’s retirement is effective on December 14. She will remain closely involved in the business as the Chair of the Trader Interactive Board.

McMinn transitions to the CEO role after successful stints as the company’s Chief Financial Officer and Chief Operating Officer. Before joining Trader Interactive, he served as Chief Operating Officer of Trader Corporation, playing a pivotal role in transitioning that company’s Autotrader business from a print business to become the #1 digital automotive platform in Canada. His background also includes senior leadership roles in sales and operations with the Trader Media Group in the UK, whose Autotrader.co.uk is the largest digital automotive marketplace in Europe. He also served as the CFO of Sensis Classifieds in Australia.

McMinn’s core objectives as CEO will encompass setting and executing the organization’s strategy, resource allocation, and overseeing the executive team….