Precision Auto Care Names John Tarrant Corporate Controller
7 April 1999
Precision Auto Care Names John Tarrant Corporate ControllerLEESBURG, Va., April 7 -- Precision Auto Care, Inc., North America's largest franchisor of auto care centers, today announced that John "Chip" Tarrant has been promoted to the position of corporate controller for the Company, according to Charles Dunlap, President and CEO. Tarrant's promotion to controller is part of the Company's restructuring designed to provide a more responsive organization. "Chip's promotion from financial analyst to corporate controller is important for the Company, as we progress in improving the Company's financial systems. His demonstrated financial skills and broad knowledge of our business system adds credibility to our efforts," said Dunlap. In his new role, Tarrant will manage Precision Auto Care's financial accounting and corporate reporting functions. He is responsible for providing financial information and business analysis to internal management and the external investment community. Prior to joining Precision Auto Care, Inc. in 1996, Tarrant held positions in public and private accounting with Joseph J. Pietrafesa Co., Rosenblum, Gloss, Niad & Dietz, Certified Public Accountants, and LCI International. Tarrant, a Certified Public Accountant (CPA), received a BS in Accounting from SUNY Institute of Technology, Utica, New York and a BS in Business Administration from The American University in Washington, DC. Precision Auto Care, Inc. is the world's largest franchisor of auto care centers, currently with 645 operating centers worldwide as of March 31, 1999. The Company franchises and operates Precision Tune Auto Care, Precision Auto Wash, and Precision Lube Express centers around the world. Please visit the Company's Web site at: http://www.PrecisionAC.com This press release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the result, performance, or other expectations implied by these forward-looking statements. For further information about the Company, investors are encouraged to review the Company's most recent SEC filings.