Irene Rosenfeld to Leave AutoNation Board at the End of her Term
FORT LAUDERDALE, Fla., Feb. 5 /PRNewswire-FirstCall/ -- 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
http://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 http://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.
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Related links:
http://corp.autonation.com
http://www.AutoNation.com
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CONTACT:
Marc Cannon of AutoNation, Inc.,
+1-954-769-3146
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