JM Family Enterprises Appoints Chief Financial Officer

    DEERFIELD BEACH, Fla.--March 28, 2003--JM Family Enterprises, Inc., (JMFE) announced today that Corliss "Corky" J. Nelson has joined the company as executive vice president and chief financial officer. The announcement was made by President and CEO Colin Brown.
    Nelson will oversee the company's financial operations including treasury, tax, accounting and risk management and will report to the CEO. He will also serve on JMFE's Executive Management Team which oversees the development and implementation of the company's strategies for future growth.
    Nelson was formerly senior executive vice president and chief financial officer of Ryder System, Inc., where he also served on its Board of Directors. Prior to that, Nelson worked at privately owned Koch Industries, Inc., a diversified natural resources company, where he served as president of its Capital Services Group and president of Koch Industries International.
    Nelson holds a bachelor of science degree in finance and accounting from California State Polytechnic University. He is a member of the Financial Executive Institute, board member of the New World Symphony and member of the Business Advisory Council of Orfalea College of Business at California State Polytechnic University where he received its Distinguished Alumni Award. Nelson and his wife Mary Kay currently reside in Pinecrest, Florida and have three grown children.
    JM Family Enterprises, Inc., (http://www.jmfamily.com) is a $7.8 billion diversified automotive company headquartered in Deerfield Beach, Fla. and ranked by Forbes magazine as the 13th largest privately held company in the United States. It is ranked by a survey in Fortune(R) magazine as the 14th Best Company to Work For in America. Its principal businesses focus on vehicle distribution and processing, finance and warranty services, and insurance activities. JMFE's flagship company, Southeast Toyota Distributors, LLC, is the nation's largest franchised distributor of Toyota vehicles; World Omni Financial Corp. offers a complete range of customer driven automotive financial products and services and the JM&A Group of companies provide warranty and insurance products and services to automobile dealerships throughout the country. In addition, JM Lexus is the largest volume retail dealership of Lexus cars in the country.