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AutoNation Names Norman K. Jenkins to Board of Directors

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AutoNation (NYSE: AN) announced the appointment of Norman Jenkins as an independent director to its Board of Directors, effective December 14, 2020. Jenkins is the CEO of Capstone Development, specializing in real estate, and previously held executive roles at Marriott International. His diverse experience is expected to bolster AutoNation's strategic insights. The company continues to expand its presence, operating over 325 locations and selling over 12 million vehicles. This leadership addition is part of AutoNation's initiative to enhance its corporate governance.

Positive
  • Norman Jenkins appointed as independent director, expected to bring valuable insights and experience.
  • Jenkins has a robust background in real estate and corporate leadership, enhancing AutoNation's strategic depth.
Negative
  • None.

FORT LAUDERDALE, Fla., Dec. 15, 2020 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most recognized automotive retailer, today announced that its Board of Directors appointed Norman Jenkins to the AutoNation Board, effective December 14, 2020. Mr. Jenkins will serve as an independent director.

"We are pleased to have Norman join the AutoNation Board," said Mike Jackson, AutoNation's Chairman and Chief Executive Officer. "We look forward to the experience and insight that he will bring to the Board."

Mr. Jenkins is President and Chief Executive Officer of Capstone Development, a privately held firm he founded in 2009.  Capstone develops and acquires commercial and multi-family real estate, with significant expertise in public-private partnerships and developing hospitality real estate that is generally affiliated with international lodging brands. At present, Capstone owns a diverse portfolio comprised of hotels, street level retail and multi-family housing.

Prior to launching Capstone, Mr. Jenkins was a senior executive and corporate officer of Marriott International Inc. Mr. Jenkins currently serves on the board of directors of Duke Realty and New Senior Investment Group, and he is a member of the Washington, DC Developer Roundtable. In addition, Mr. Jenkins is a former member of the Suburban Hospital Board of Trustees and the Howard University Board of Trustees.

Mr. Jenkins earned a BA in Accounting from Howard University, an MBA from George Washington University and is a certified public accountant.

About AutoNation, Inc.
AutoNation, America's largest and most recognized automotive retailer, is transforming the automotive industry through its bold leadership, innovation, and comprehensive brand extensions. As of September 30, 2020, AutoNation owned and operated over 325 locations from coast to coast. AutoNation has sold over 12 million vehicles, the first automotive retailer to reach this milestone. AutoNation's success is driven by a commitment to delivering a peerless experience through customer-focused sales and service processes. Launched in 2015, AutoNation's Drive Pink initiative, which has raised over $25 million, is committed to drive out cancer, create awareness, and support critical research. AutoNation continues to be a proud supporter of the Breast Cancer Research Foundation and other cancer-related charities.

Please visit www.autonation.com, investors.autonation.com, www.twitter.com/CEOCherylMiller, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.

AutoNation logo (PRNewsFoto/AutoNation, Inc.)

 

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SOURCE AutoNation, Inc.

FAQ

Who is the new director appointed to AutoNation's Board?

Norman Jenkins has been appointed as an independent director to AutoNation's Board.

When did Norman Jenkins join AutoNation's Board of Directors?

Norman Jenkins joined AutoNation's Board of Directors on December 14, 2020.

What is Norman Jenkins' background?

Jenkins is the President and CEO of Capstone Development and a former executive at Marriott International.

How many locations does AutoNation operate?

AutoNation operates over 325 locations across the United States.

What milestone has AutoNation achieved in vehicle sales?

AutoNation has sold over 12 million vehicles, marking a significant achievement in the automotive retail industry.

AutoNation, Inc.

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