The Major Automotive Companies Announces Management Change
LONG ISLAND CITY, N.Y.--Sept. 24, 2001--The Major Automotive Companies, Inc. today announced that James R. Wallick, a member of the Company's Board of Directors, as well as the Company's President and Chief Operating Officer, will no longer serve as President and Chief Operating Officer. Bruce Bendell, Chairman and CEO of the Company will take on those titles and responsibilities.
Mr. Wallick will remain as a member of the Board of Directors.
With the divestiture of all of the Company's technology operations, the Board has determined that it is in the best interest of the Company to make this management change now. The Board is confident that The Major Automotive Companies will continue to grow and execute its plans to become one of the leading regional groups of dealerships.