Irene Rosenfeld to Leave AutoNation Board at the End of her TermFORT LAUDERDALE, Fla., Feb 05, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- AutoNation, Inc.
(NYSE: AN), America's leading automotive retailer, announced today that its
Board of Directors has appointed Kim C. Goodman as an independent director.
"AutoNation is privileged to have someone of Kim's caliber join our team,"
said Mike Jackson, chairman and chief executive officer of AutoNation. "She
offers us a considerable degree of high-level strategic experience, along with
the sort of professionalism, insight and expertise that makes our Board
effective."
Goodman is vice president of software and peripherals for Austin, Texas-
based Dell Inc. In that role, which she has served since 2005, Goodman has
responsibility for the multi-billion dollar business, including oversight of
operations, marketing, forecasting, pricing and vendor relations. From 2000-
2005, she served as the company's vice president of public sector marketing
and transactional sales, vice president of Dell networking and vice president
of business development.
In addition to her role at Dell, Goodman also served as partner and vice
president for Bain & Company. She received her M.B.A. from Harvard Business
School, along with two degrees from Stanford University -- an M.S. in
industrial engineering and a B.A. in political science.
Separately, AutoNation announced today that Irene B. Rosenfeld, chief
executive officer of Kraft Foods Inc., has decided not to stand for re-
election to the AutoNation Board of Directors at the upcoming annual meeting
of stockholders, which is expected to be held in May 2007. Last week, it was
announced that upon the spin-off of Kraft Foods Inc. from Altria Group, Inc.
on March 30, 2007, Rosenfeld will also become chairman at Kraft Foods Inc.
Rosenfeld has served on the AutoNation board since 1999.
"It's an exciting and demanding time everywhere across corporate America
today, and my responsibilities at Kraft have grown to the point where they
require all of my attention," Rosenfeld said. "I've enjoyed my time with
AutoNation immensely, and I'm proud to have been a part of a company that has
changed the auto retailing landscape."
During Rosenfeld's tenure, the company has sold more than 5 million
vehicles, been named to the S&P 500 Index and was voted the Most Admired
Company in its industry for four consecutive years by Fortune magazine.
"Irene is an outstanding member of our Board, and her guidance shaped our
company in countless ways," said Jackson. "We recognize her need to dedicate
full attention to Kraft and thank her for her years of dedicated service on
the Board."
For more information about AutoNation and its board of directors, visit
www.AutoNation.com.
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 26,000 full-time employees and owns and
operates 331 new vehicle franchises in 16 states. For additional information,
please visit http://corp.AutoNation.com or www.AutoNation.com, where more than
90,000 vehicles are available for sale.
FORWARD-LOOKING STATEMENTS
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, estimates and expectations is contained in the
Company's SEC filings. The Company undertakes no duty to update its forward-
looking statements, including its earnings outlook.
SOURCE AutoNation, Inc.
Marc Cannon of AutoNation, Inc., +1-954-769-3146