Theo Wright, president of Sonic Automotive Inc., announced his resignation earlier this week, then proceeded to host the company’s first-quarter earnings conference call with analysts held on the same day. Jeffrey Rachor, the company’s chief operating officer, will take on the title of president. Theo Wright Wright, 41, says he is leaving to pursue other interests. A recent change in Sonic’s growth strategy led to his decision. A spokesman for Sonic says Wright started with the ...

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