Mike Maroone
Maroone USA
Michael E. Maroone is an entrepreneur, investor and second
generation auto retailer. Beginning in May 2017, Maroone USA, where he serves as CEO, acquired four automotive franchises in Colorado Springs followed by acquisitions in West Palm Beach (Florida), Longmont (Colorado) and Boulder (Colorado). The group now includes seven locations and nine brands. The brands include Chevrolet, Honda, Ford, Volkswagen, Cadillac, Buick and GMC.
Spanning more than four decades, his career in auto retail began with the Maroone Automotive Group (1975-1997), which under his leadership as president, grew to nine franchises in six locations with 900 associates. In partnership with his father Al, the Maroone Automotive Group was consistently recognized as one of the top-performing auto retail groups in America.
From 1997 to 2015, Mr. Maroone served as president, chief operating officer and director of AutoNation, Inc., a Fortune 500 automotive retailer. He was responsible for all retail operations of 280 franchises representing 32 manufacturer brands in 15 states with over 20,000 associates, including: the field organization; sales; service; parts; collision; marketing; e-commerce; corporate real estate; strategy; industry relations; information technology; corporate development; and internal communications.
As owner of Maroone Enterprises since 1997, Mr. Maroone works both independently and in partnership in multiple ventures. His business interests include automotive, healthcare, carbon capture, water, oil and gas, aviation, insurance and real estate where his investments include commercial centers, office buildings, cold storage, apartments, townhomes and land.
Mr. Maroone serves as the lead independent director of Carvana, a used vehicle e-commerce auto retailer (NYSE: CVNA). He is a member of the Cleveland Clinic enterprise board of directors, chairman of the board of Cleveland Clinic Florida and serves on both the investment and philanthropy committees. He serves as a director for MDH Acquisition Corp., a special purpose acquisition corporation (NYSE: MDH). He also serves as Strategic Advisor to the Board of motormindz, a highly specialized global automotive consultancy.
Recognition of his contributions to the automotive industry include being honored by Automotive News as an All-Star and one of the industry’s 50 Visionary Dealers of all time, receiving Time Magazine’s Quality Dealer Award as well as the Lifetime Achievement Award from the Boca Raton Concours d’Elegance and receiving the 2022 David F. Mungenast Lifetime Achievement Award from the American International Automobile Dealers Association (AIADA). Florida Atlantic University honored Mr. Maroone as Entrepreneur of the Year and he is a member of the Nova Southeastern University Entrepreneur Hall of Fame.
