AutoNation Extends CEO's Contract Until 2019

(RTTNews) - AutoNation Inc. (AN) announced that Mike Jackson, Chairman and CEO, has been named to the additional role of President effective February 4, 2015 and has signed a five year employment contract extension through 2019. Jackson has been the CEO of AutoNation since 1999 and the Chairman since 2002.

The Company also announced that Mike Maroone will be retiring on April 1, 2015, after over 15 years as President and Chief Operating Officer.

Long-time AutoNation executive Bill Berman has been promoted to Executive Vice President and Chief Operating Officer effective February 4, 2015. Berman is currently Senior Vice President, Sales. Previously, he served in a variety of positions including: President of the Western Region since 2008, which includes California, Arizona, Nevada, and Washington and is made up of 84 stores; President of AutoNation's Northern California Market, and as a General Manager.

Mike Maroone will continue serving as President and Chief Operating Officer and on the Board of Directors of AutoNation until February 3, 2015. Thereafter, Maroone will serve in a transitional role with the Company until his April 1 retirement.