Penske Automotive Appoints Sandra E. Pierce to Board of Directors

  Penske Automotive Appoints Sandra E. Pierce to Board of Directors

Business Wire

BLOOMFIELD HILLS, Mich. -- December 19, 2012

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 Bank Michigan, 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.

Find a vehicle: http://www.penskecars.com
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Follow Penske Automotive on Twitter: https://twitter.com/#!/Penskecarscorp
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

Contact:

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
 
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