|AutoNation, Inc. Appoints Adams Simms Vice President-Used Vehicles|
|FORT LAUDERDALE, Fla., Dec 11, 2001 /PRNewswire via COMTEX/ -- AutoNation, Inc.
(NYSE: AN), America's largest automotive retailer of new and used vehicles, has
appointed Adam Simms to the new position of Vice President-Used Vehicles.
Effective immediately, Simms becomes part of the Company's Operations Team, reporting directly to Senior Vice President-Operations Allan Stejskal. In his new role, Simms will drive sales and profit growth through the implementation of best practices throughout the Company's $3.9 billion-a-year used vehicle business. The Company sells its used vehicles primarily at retail through its 368 new vehicle franchises in 17 states.
Simms most recently served as founder, president and chief executive officer of iMotors, an Internet "clicks and bricks" venture that purchased, reconditioned and retailed used vehicles through more than 50 retail locations. In addition, Simms' automotive retail career has spanned 18 years, many of the industry's manufacturer brands and much of the country.
"Adam has the breadth and depth of automotive retail knowledge to take our used-vehicle retail business -- already the nation's largest -- to a higher level. This makes him a valuable addition to the AutoNation team," said Michael E. Maroone, AutoNation's President and Chief Operating Officer.
About AutoNation, Inc.
AutoNation, Inc., a Fortune 100 company based in Fort Lauderdale, Fla., owns and operates 368 new vehicle franchises in 17 states, generating more than $20 billion of revenue in 2000. For more information, please visit www.autonation.com , where shoppers can find approximately 100,000 new and used vehicles for sale.
Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.
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CONTACT: Oscar Suris of AutoNation, Inc., +1-954-769-3576, or suriso@AutoNation.com /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011211 AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 212-782-2840 /Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/750525.html URL: http://www.autonation.com http://www.prnewswire.com
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