NADA today announced that Mike Stanton will serve as the organization’s next president and CEO. Stanton, 52, succeeds Peter Welch, who has led NADA since his appointment by the NADA board of directors in January 2013.

“NADA is a great organization representing one of America’s most important industries,” said Stanton. “It is an honor to be chosen for this role, in this pivotal time for dealers, and I am excited to get started.”

Stanton has served as chief operating officer of NADA since 2018; he oversees daily operations of the association. He previously served as vice president and chief operating officer of the NADA Used Car Guide, which was sold to JD Power in 2015. Stanton also had several roles with NADA’s industry relations team advocating for dealers.

Stanton was selected and approved by an NADA board of director-led search committee. International search firm Spencer Stuart, who oversaw NADA’s CEO selection process in 2012, oversaw the selection process.

Welch, who announced his retirement earlier this year, will lead the organization for the remainder of 2020, with Stanton taking the helm at NADA on January 1, 2021.