Dallas Clement is now the CFO of AutoTrader.com. He previously worked at Cox Communications for 20 years as an EVP and a chief strategy officer. Cox Enterprises owns a majority of AutoTrader.com. AutoTrader used to be best known for their print publication, but they are now focused on auto sales online. “Dallas is a seasoned and respected financial executive whose rich set of experiences and capabilities will be a significant addition to AutoTrader.com,” stated AutoTrader President and CEO Chip Perry. “With his 20-year tenure at both Cox Enterprises and Cox Communications, I am confident that Dallas will add considerable value as we continue to manage AutoTrader.com for long-term success.”

AutoTrader.com has acquired Kelley Blue Book Co., Inc. for a reported price of over $500 million. AutoTrader.com expects to make a substantial amount of additional advertising revenues from the acquisition. AutoTrader.com will also buy Kelley’s sister company CDMdata. CDMdata provides hardware and software data for the auto industry. The deal is expected to close by the end of the year. [Reuters]