AutoCanada’s Samuel Cochrane will be able to hand off the chief financial officer’s responsibilities to another executive in a couple of months.

The dealer group on Thursday announced the appointment of Mike Woodward as its next chief financial officer, a move that’s effective July 6.

Along with serving as CEO, Cochrane currently is the interim CFO.

“Mike brings a strong combination of financial discipline, strategic insight, and operational experience,” Cochrane said in a news release. “We look forward to his contributions and are pleased to welcome him to the AutoCanada team as we continue to execute on our strategic initiatives.”

Woodward will come to AutoCanada after most recently serving as CFO of the Canada Enterprise Emergency Funding Corp. (CEEFC) where he oversaw complex lending programs and executed significant financing transactions.

AutoCanada also mentioned Woodward also previously served as CFO of Lynx Air and Campus Energy, where he built high-performing finance teams, enhanced reporting and forecasting capabilities, and supported major strategic initiatives.

Earlier in his career, Woodward held senior roles in investment banking at Bank of Montreal and CIBC World Markets, advising on a range of M&A and capital markets transactions.

Woodward will join the company as AutoCanada continues to exit the U.S. market while reinforcing its efforts in the used-car department.