FORT LAUDERDALE, Fla., June 30 /PRNewswire-FirstCall/ -- AutoNation, Inc.
(NYSE: AN), America's largest retailer of new and used vehicles, announced
today that its Board of Directors has appointed Alan S. Dawes and Frederick J.
Schwab as directors of the Company. These additions expand AutoNation's Board
from eight to ten members.
"We are very pleased that Alan and Fred are joining our Board," said Mike
Jackson, Chairman and CEO of AutoNation. "They each offer a powerful
combination of strong financial backgrounds and automotive industry
experience. We are looking forward to the contributions they will make to our
Board."
Mr. Dawes is currently Vice Chairman and Chief Financial Officer of Delphi
Corporation, a global automotive electronics and components supplier, where he
has served since 1992. During his tenure, Mr. Dawes played a key role in the
successful spin-off of Delphi from its parent company, General Motors
Corporation. Prior to his tenure at Delphi, he held numerous executive
positions with General Motors, including vice president and executive-in-
charge of operations for the company's Automotive Components Group and various
key roles in GM's finance organization. Automotive News named him "Financial
Executive of the Year" in 1999.
Mr. Schwab retired in March 2003 as President and CEO of Porsche Cars
North America, the North American operating unit of Porsche AG, a
multinational automotive manufacturing company. Mr. Schwab served Porsche in
this capacity since 1992. Under Mr. Schwab's supervision, Porsche experienced
a comprehensive turnaround in North America that included the introduction of
successful new product, such as the Boxster roadster and the Cayenne sport
utility vehicle. Prior to joining Porsche in 1985 Mr. Schwab served as
Executive Vice President of Fruehauf International, a truck trailer
manufacturer, and was a partner with Touche Ross & Co. (now Deloitte &
Touche).
The Board of Directors determined that Mr. Dawes and Mr. Schwab qualify as
independent under the existing and proposed New York Stock Exchange listing
standards. Mr. Dawes will serve on the Board's Audit Committee, Compensation
Committee and Executive Compensation Subcommittee, and Mr. Schwab will serve
on the Audit and Corporate Governance Committees.
ABOUT AUTONATION, INC.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's
largest retailer of both new and used vehicles. Ranked No. 93 on the 2003
Fortune 500 and a component of the Standard and Poor's 500 Index, AutoNation
employs approximately 28,500 people and owns and operates 373 new vehicle
franchises in 17 states. For additional information, please visit
http://corp.AutoNation.com or www.AutoNation.com, where more than 100,000
vehicles are available for sale.
SOURCE AutoNation, Inc.
-0- 06/30/2003
/CONTACT: Marc Cannon, AutoNation, Inc., +1-954-769-3146, or
cannonm@autonation.com/
/Photo: http://www.newscom.com/cgi-bin/prnh/20001017/AUTONATIONLOGO
AP Archive: http://photoarchive.ap.org
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/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/750525.html/
/Web site: http://corp.autonation.com/
(AN)
CO: AutoNation, Inc.
ST: Florida
IN: AUT REA
SU: PER
KH-KW
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2022 06/30/2003 17:25 EDT http://www.prnewswire.com