AutoNation (AN) Appoints Michael Manley as CEO and Director

AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced that it has appointed Mike Manley as Chief Executive Officer and as a member of its Board of Directors, effective November 1, 2021. Mike Jackson will retire from AutoNation on November 1, 2021, as Chief Executive Officer and as a member of the Board of Directors.

Mr. Manley currently serves as Head of Americas for Stellantis and sits on the Groups Executive Council. Stellantis is among the largest automotive OEMs in the world, formed in January 2021 by the merger between Fiat Chrysler Automobiles and the PSA Group. Most recently, Manley served as Chief Executive Officer of Fiat Chrysler Automobiles N.V. from July 2018 to January 2021.

Mike Manley stated, "I am excited to join AutoNation and the Executive team. AutoNation has set the benchmark for automotive retail excellence. It has accomplished a number of industry first milestones, including being the only automotive retailer to sell over 13 million vehicles. Most recently, the Company has shown its focus and determination by producing five consecutive record-breaking quarters, during an unprecedented time."

Rick Burdick, AutoNation's Chairman, said, "Mike Manley brings considerable and comprehensive automotive experience to AutoNation, including strategy, business development, and a focus on operations. Mr. Burdick went on to say, "Mike's exceptional performance over the years aligns with AutoNation's commitment to excellence, a peerless Customer experience, and innovative industry-leading drive."

Mr. Manley joined DaimlerChrysler in 2000 as Director - Network Development for the United Kingdom. In 2008, he became responsible for product planning and all sales activities outside of North America. He later served as Executive Vice President - International Sales and Global Product Planning Operations.

In that role, he was responsible for implementing the co-operation agreements to distribute Chrysler Group products through Fiat's international distribution network. He also served as CEO of Jeep, CEO of Ram, Chief Operating Officer for the APAC region, and a FCA Group Executive Council member.

Mr. Manley holds a Master of Business Administration from Ashridge Management College and a Bachelor of Science in engineering from Southbank University.

"It has been a remarkable honor to serve as CEO for the past 22 years. We have built an admired and respected company from coast to coast. I am forever grateful to all Associates for our achievements and thank them from the bottom of my heart for all their efforts, especially through the pandemic," said Mike Jackson, AutoNation's Chief Executive Officer. Mr. Jackson went on to say, "I have every confidence Mike Manley will lead AutoNation to an even brighter future."

"Mike Jackson is the epitome of a great leader. He exemplifies excellence, determination, and drive. Under his leadership, AutoNation solidified itself as America's largest and most admired automotive retailer, selling over 13 million vehicles and raising over $28 million in the fight against cancer. Mike has been the voice for the automotive industry and its Customers. We at AutoNation are privileged to have had his leadership for over 20 years," said Mr. Burdick.

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