Jerry L. Little Named CFO of Precision Auto Care
22 June 1999
Jerry L. Little Named CFO of Precision Auto CareLEESBURG, Va., June 22 -- Precision Auto Care, Inc., North America's largest franchisor of auto care centers, today announced Jerry L. Little has been named senior vice president and chief financial officer. Charles Dunlap, President and CEO of Precision Auto Care, Inc. said, "Jerry joined our Company as a work-out specialist in April, 1999, to assist us in the reorganization of the financial group. He brings with him over 20 years experience as a financial and business advisor, as well as in-depth experience from his own and other companies. We are extremely pleased to now have Jerry serving as our chief financial officer. He will help lead our continued efforts to restructure and revise our strategies to increase shareholder value and the profitability of our core businesses." Little began his career with Ernst & Young from 1969 through 1982, where he served as manager for the Washington, DC office, supervising audit, tax, and management advisory service engagements for many different industries. In 1982, Little formed his own company, J. L. Little Inc., to provide a variety of financial and business advisory services to various businesses. Little, a CPA, received a BS in Accounting from Virginia Polytechnic Institute & State University in 1969. He replaces Cliff Harris, who left the Company to pursue other business interests. Precision Auto Care, Inc. is the world's largest franchisor of auto care centers, currently with 650 operating centers worldwide as of June 21, 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.