BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--
Penske Automotive Group, Inc. (NYSE:PAG), an international automotive
retailer, today announced that Sandra E. Pierce has been appointed to
its Board of Directors. With this additional appointment, the Company
now has twelve directors, including eight outside directors.
Ms. Pierce recently retired as President and CEO, Charter One BankMichigan, a division of Royal Bank of Scotland, where she was
responsible for the bank’s commercial banking business and all bank
activities in Michigan, a position she held since 2004. Ms. Pierce also
served as the Midwest Regional Executive for the bank, overseeing all
bank activities in Illinois and Ohio. Prior to these positions, Ms.
Pierce held various executive positions with JP Morgan Chase, Bank One,
and National Bank of Detroit from 1978 through 2004. Ms. Pierce
currently serves as chairman of the board of trustees of Henry Ford
Health System, one of the country’s largest health care systems and a
national leader in clinical care, research and education. She is
actively involved in numerous activities to foster economic development
in the Detroit area, including Chair of the Financial Advisory Board for
the City of Detroit.
“We are delighted that Sandra Pierce has accepted our invitation to join
the Penske Automotive Group Board of Directors,” said Roger S. Penske,
Chairman. “Sandra brings a unique set of skills and knowledge to our
Board that will add value to our strategic discussions, especially in
the areas of business development, risk management, relationship
management and marketing.”
About Penske Automotive
Penske
Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan,
operates 345 retail automotive franchises, representing 40 different
brands and 30 collision repair centers. Penske Automotive, which sells
new and previously owned vehicles, finance and insurance products and
replacement parts, and offers maintenance and repair services on all
brands it represents, has 174 franchises in 18 states and Puerto Rico
and 171 franchises located outside the United States, primarily in the United
Kingdom. Penske Automotive is a member of the Fortune 500 and
Russell 2000 and has approximately 17,000 employees.
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Penske Automotive Group, Inc.
David K. Jones
Executive Vice
President and
Chief Financial Officer
248-648-2800
dave.jones@penskeautomotive.com
or
Penske
Automotive Group, Inc.
Anthony R. Pordon
Executive Vice
President Investor Relations
and Corporate Development
248-648-2540
tpordon@penskeautomotive.com
Source: Penske Automotive Group, Inc.