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Executive Changes at Pep Boys

14 April 2000

Executive Changes at Pep Boys

    PHILADELPHIA--April 14, 2000--The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's leading full service automotive aftermarket chain, announced that in conjunction with the recent promotion of George Babich, Jr., to Senior Vice President and Chief Financial Officer, Bernard K. McElroy, who joined Pep Boys in 1980 and has served as Assistant Vice President-Finance, has been promoted to Vice President-Finance.
    The Company also announced that Michael J. Holden has resigned as Executive Vice President to pursue personal interests.
    Pep Boys CEO, Mitchell G. Leibovitz, made the following comments:
    "I would like to publicly acknowledge and thank Mike Holden for the invaluable contribution that he has made during his many years at Pep Boys as well as extend our best wishes for his future happiness. At the same time, we are pleased to have highly motivated, talented professionals like George Babich and Bernie McElroy to oversee the financial and accounting areas of our Company."