1-800-AutoTow Names New Chief Operating Officer
2 October 1998
1-800-AutoTow Names New Chief Operating Officer
BOYNTON BEACH, Fla.--Oct. 2, 1998--Joel B. Nagelmann, Acting Chairman, President and CEO of 1-800-AutoTow(tm), announced today the promotion of Eugene Iarocci to Chief Operating Officer for 1-800-AutoTow(tm) (OTC BB: AUTW), a publicly traded company rolling up America's vehicle towing industry into a national brand. Mr. Iarocci had previously been Senior Vice President of Field Operations for the company.
"We created this new position to handle day-to-day operations that are becoming more demanding as we move into the next phase of integrating the companies that are joining our team," said Nagelmann. "This allows other members of the senior staff to focus on the new acquisitions and strategic growth issues of the company, while Gene puts his years of experience in managing and integrating multi-site operations to use in the towing industry."
Mr. Iarocci's past experience includes serving as President and CEO of Younger Brothers Inc., a $50 million nationwide trucking company. While at Younger Brothers, revenues increased by 75 percent, as he led the business to its most profitable period in the company's history, made a $10 million acquisition, started several joint ventures, and integrated seven companies with 20 locations into a network operation. Before joining Younger Brothers, Iarocci held several management positions at Union Carbide during a 24 year period. Union Carbide, a Fortune 500 company, is one of the Dow 30 with 6.5 billion in annual revenues. As Area Vice President and as Director of Export Sales and Marketing, Iarocci's responsibilities included managing multi-country businesses within Mexico, South America and Southern Africa; and managing the worldwide export polyethylene business, respectively. As Director of Transportation, Iarocci was responsible for the annual expenditure of $450 million for worldwide transportation purchasing and services. Iarocci has a master of business administration in financial management and a bachelor of business administration from Pace University in New York.
1-800-AutoTow(tm) is acquiring well-run vehicle towing companies in metropolitan areas across the country, and will consolidate their operations into a single branded identity. Founded in 1997, 1-800-AutoTow(tm) is based in Boynton Beach, Fla. The company's management team consists of a diverse and experienced group of entrepreneurs, senior operating executives and towing veterans. More information is available on the internet at www.1800autotow.com.