Sonic Automotive Inc. CEO David Smith expended a evening in the Mecklenburg County Jail in North Carolina following he was arrested on four rates Monday, which include assault by strangulation, in accordance to the jail.
Smith, CEO of the nation’s sixth-biggest new-motor vehicle retailer, was arrested at about 9:forty five a.m. Monday and taken to the jail later that working day, in accordance to law enforcement and the jail. He was introduced all around four:forty five p.m. Tuesday.
He was arrested on a felony charge of assault by strangulation and misdemeanor rates of fake imprisonment, assault on a feminine and interfering with emergency communication. Smith posted a $30,000 bond, in accordance to the jail. He is scheduled again in court docket Oct. twenty.
In a assertion, Sonic’s board of directors claimed it “continues to be steadfast in its aid” of Smith.
“We believe in David’s leadership, honesty and transparency, which he has demonstrated all over his tenure as chief executive officer and in excess of twenty yrs of company to the organization,” the assertion claimed. “David has informed the board that he is harmless of these rates and expects to be entirely exonerated.”