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AutoNation Announces New Senior Vice Presidents

Nov. 22, 1999

FORT LAUDERDALE, Fla., Nov. 22 /PRNewswire/ -- Michael J. Jackson, Chief Executive Officer of AutoNation, Inc. (NYSE: AN), today announced the appointment of three senior vice presidents.

Patricia McKay is appointed Senior Vice President, Finance and Controller of AutoNation, Inc. Ms. McKay will also serve as AutoNation's Acting Chief Financial Officer while the company conducts an internal/external search to identify a permanent CFO. The permanent CFO will succeed Michael Karsner, who has accepted the position of Chief Executive Officer of ANC Rental Corporation, which will be spun off from AutoNation in January, 2000. Prior to her promotion, Ms. McKay had been serving as Senior Vice President, Finance of the company's automotive retail division.

Thomas Butler is appointed Senior Vice President, Corporate Development, with responsibility for directing the company's acquisition and divestiture activities. Mr. Butler has been serving as a Vice President in the Corporate Development department. He succeeds Thomas Hawkins, who has announced his intention to leave AutoNation at year's end.

"We thank Tom Hawkins for his many contributions to the growth and development of AutoNation and we wish him well in his future endeavors," Mr. Jackson said.

John Rizzo is appointed Senior Vice President, Industry Relations, with responsibility for directing the company's corporate relations with automotive manufacturers. Mr. Rizzo has been serving as a Vice President in AutoNation's Corporate Development department. He succeeds Mark Thimmig, who has announced his plan to leave AutoNation to pursue independent business opportunities.

Commenting on the appointments, Mr. Jackson said, "I am very pleased that AutoNation will be able to tap the knowledge and experience of several company veterans in these key positions. They join what is already an outstanding team of executives."

AutoNation, Inc. is the nation's largest automotive retailer, with 412 automotive retail franchises in 24 states. AutoNation also operates more than 270 websites, including AutoNationdirect.com, offering the Internet's largest selection of new and used vehicles for sale. The company's automotive rental operations, which include National, Alamo and CarTemps USA, will be spun off as a tax-free dividend to shareholders in January, 2000.

SOURCE AutoNation, Inc.
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