Penske Automotive Group announced this week it has renamed its U.S.-based commercial vehicle dealership business to Penske Commercial Vehicles, US.

The company also revealed its choice for leadership of this newly defined business branch, picking Richard Shearing as the new president of Penske Commercial Vehicles, US.

Shearing is coming over from Daimler Trucks North America, where he was vice president of national accounts. Prior to that position, Shearing served as general manager of component sales and director of product strategy at Daimler.

Penske Automotive Group chairman Roger S. Penske said, "We are pleased to welcome Rich to the Penske Automotive Group team to help lead our commercial-vehicle efforts in the United States. His depth of knowledge and experience will strengthen our team and provide a guiding hand as we continue to build scale in the commercial vehicle business in the United States."

Shearing has experience with freightliner trucks, account management, strategy “and a proven track record of building strong customer relations making him well-suited to lead the company's U.S. Commercial Vehicle Dealership operations,” the company said.

Shearing will relocate to the Penske Commercial Vehicle headquarters in Dallas.