FORT LAUDERDALE, Fla., June 22 /PRNewswire-FirstCall/ -- AutoNation, Inc.
(NYSE: AN), America's largest automotive retailer, announced today that its
Board of Directors has appointed Robert R. Grusky and Carlos A. Migoya as
independent directors of the Company. These additions expand AutoNation's
Board from seven to nine members and increase the number of independent
directors to seven. Messrs. Grusky and Migoya were also appointed to serve on
the Company's Audit Committee.
"We are very pleased that Bob and Carlos are joining our Board," said Mike
Jackson, Chairman and CEO of AutoNation. "They each have strong business and
financial backgrounds, and we look forward to the contributions that they will
make to our Board."
Mr. Grusky is the Managing Member of Hope Capital Management, LLC, an
investment firm that he founded in 2000. He also serves as a Senior Advisor to
New Mountain Capital, LLC, a private equity firm that he co-founded in 2000,
and served as a Managing Director and Principal until 2005. Previously,
between 1985 and 1997, Mr. Grusky also served in various capacities, including
Vice President, for Goldman, Sachs & Co. in its Mergers & Acquisitions
Department and Principal Investment Area.
Mr. Migoya serves as Regional President for Wachovia Bank, Florida. In his
present position with Wachovia, Mr. Migoya is responsible for Wachovia's
banking businesses in Dade and Monroe Counties in Florida. Mr. Migoya has
more than 32 years' experience in banking.
ABOUT AUTONATION, INC.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's
largest automotive retailer and a component of the Standard and Poor's 500
Index. AutoNation has approximately 27,000 full-time employees and owns and
operates 345 new vehicle franchises in 16 states. For additional information,
please visit http://corp.AutoNation.com or http://www.AutoNation.com , where
more than 100,000 vehicles are available for sale.
SOURCE AutoNation, Inc.
-0- 06/22/2006
/CONTACT: Marc Cannon, AutoNation, Inc., +1-954-769-3146, or
[email protected]/
/Photo: http://www.newscom.com/cgi-bin/prnh/20001017/AUTONATIONLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, [email protected] /
/Company News On-Call: http://www.prnewswire.com/comp/750525.html /
/Web site: http://corp.autonation.com
http://www.AutoNation.com /
(AN)
CO: AutoNation, Inc.
ST: Florida
IN: AUT REA
SU: PER
MR-AC
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5189 06/22/2006 16:30 EDT http://www.prnewswire.com