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AutoNation, Inc. Names Jonathan P. Ferrando Senior Vice President And General Counsel

Jan. 27, 2000

FORT LAUDERDALE, Fla., Jan. 27 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN) today announced the appointment of Jonathan P. Ferrando, 34, as Senior Vice President, General Counsel & Corporate Secretary, reporting to Michael J. Jackson, Chief Executive Officer.

In his new position, Mr. Ferrando will be responsible for the overall direction of AutoNation's legal affairs, including corporate governance issues, securities matters, mergers and acquisitions, and the complete range of corporate legal activities. Mr. Ferrando most recently served as Senior Vice President and General Counsel of AutoNation's Automotive Retail Group, where he was responsible for the legal affairs of the division. He joined AutoNation in 1996.

Prior to joining AutoNation, Mr. Ferrando was a corporate and securities attorney in private practice with the law firm of Skadden, Arps, Slate, Meagher & Flom in Chicago, Illinois. His practice there concentrated in the areas of mergers and acquisitions and corporate finance. A native of Kalamazoo, Michigan, Mr. Ferrando graduated from the University of Michigan in 1988 with a B.A. in Economics and from Harvard Law School in 1991.

Mr. Ferrando succeeds James O. Cole, who has announced that he is resigning in order to pursue business interests.

Mr. Jackson said, "We are fortunate to have someone of Jon's caliber to assume the role of General Counsel. Jon has handled more than 100 mergers, acquisitions and joint ventures, including many here at AutoNation. He also brings an excellent background in corporate law and securities law. I look forward to benefiting from his experience and counsel."

Mr. Jackson also added, "I want to thank Jim Cole for his contribution to AutoNation. He brought together a group of talented lawyers who, working as a team, achieved excellent results. Jim provided legal guidance at a time of tremendous growth and expansion at AutoNation. We wish him well in his future endeavors."

AutoNation, Inc. is the world's largest automotive retailer, with 409 franchises in 19 states and more than 350 web sites.

SOURCE AutoNation, Inc.
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