FORT LAUDERDALE, Fla., July 27 /PRNewswire-FirstCall/ -- AutoNation, Inc.
(NYSE: AN), America's largest automotive retailer, announced today that its
Board of Directors has appointed Michael E. Maroone, President and Chief
Operating Officer of AutoNation, to the Board of Directors of AutoNation.
With Mr. Maroone's appointment, the Board of Directors now consists of eight
members. Mr. Maroone also signed an extension of his employment agreement
that runs through 2007.
After successfully building and operating one of the largest privately
held automotive retail companies in the United States, Mr. Maroone joined
AutoNation in 1997 when it acquired the Maroone Automotive Group. Mr. Maroone
was named President and Chief Operating Officer of AutoNation in August 1999,
overseeing AutoNation's day-to-day retail operations. Mr. Maroone is also one
of AutoNation's largest stockholders.
"Mike's exceptional leadership qualities and extensive retail experience,
along with his strong relationship with manufacturers, will bring great value
and insight to AutoNation's Board of Directors," said Mike Jackson, chairman
and chief executive officer of AutoNation.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's
largest automotive retailer and a component of the Standard & Poor's 500
Index. In 2004 AutoNation was named America's Most Admired Automotive
Retailer for the 4th year in a row. AutoNation has approximately 27,000 full-
time employees and owns and operates 352 new vehicle franchises in 17 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.
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Related links:
http://corp.autonation.com
http://www.AutoNation.com
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Company News On-Call:
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CONTACT:
Marc Cannon, AutoNation, Inc.,
+1-954-769-3146, or cannonm@autonation.com
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