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Penske Corporation Names Stephen J. Pickett Vice President, Information Technology

23 October 1997

Penske Corporation Names Stephen J. Pickett Vice President, Information Technology

    DETROIT, Oct. 23 -- Stephen J. Pickett has been appointed to
the newly created position of Vice President, Information Technology for
Penske Corporation, according to an announcement by Roger S. Penske, Chairman.
    Mr. Pickett will guide the strategies and deployment of computer
technologies and telecommunications for all Penske companies to maximize/fully
utilize numerous areas of synergy.
    Mr. Pickett, 48, has been the Chief Information Officer for ITT Automotive
for the past four years.  Previously, he held various information systems
positions with Volkswagen in Europe and North America.  He holds a Bachelor of
Science degree in Computer Science and an MBA in Advanced Management, both
from Michigan State University.
    Penske Corporation is a closely-held, diversified transportation services
company which conducts its business through a number of wholly- or partially-
owned companies.  Those companies include Detroit Diesel Corporation, Penske
Truck Leasing Company, Diesel Technology Company, Penske Automotive Group,
Inc., Penske Auto Centers, Inc., Penske Capital Partners, and Penske
Motorsports, Inc.  Penske Corporation manages businesses with annual revenues
exceeding $6 billion and employs more than 28,000 around the world.

SOURCE  Penske Corporation