Two Directors Re-Elected to Group 1 Automotive Board
25 May 2000
Two Directors Re-Elected to Group 1 Automotive BoardHollingsworth, Howard to Serve Additional Three-Year Terms HOUSTON, May 25 Group 1 Automotive, Inc. , a leading operator in the automotive retailing industry, announced the re-election of two directors for three-year terms. The election was held at the company's annual shareholder meeting. B.B. Hollingsworth Jr., 58, Group 1's chairman, president and chief executive officer, has served as chairman since March 1997, and as president, chief executive officer and director since August 1996. Previously, Hollingsworth spent 19 years with Service Corporation International, the world's largest death care provider, where he served as president and director for over 10 years. After leaving Service Corporation in 1986, he was a shareholder and director of Foyt Motors, Inc., which was acquired by Group 1 in 1997. Hollingsworth has served as a director of several public and private companies. Robert E. Howard II, 53, has served as a director of Group 1 since April 1997 and has been president of Howard Group since its acquisition in November 1997. In addition to his more than 28 years of automotive retailing experience, Howard serves as a commissioner of the Oklahoma Motor Vehicle Commission and as a director of the Oklahoma City Metropolitan Automotive Dealers Association. Group 1 is a leading operator in the automotive retailing industry. The company has an annualized revenue run rate of over $3.4 billion, and owns 98 dealership franchises comprised of 29 different brands, and 19 collision service centers located in Texas, Oklahoma, Florida, New Mexico, Colorado, Georgia, Louisiana and Massachusetts. Through its dealerships and Internet sites, the company sells new and used cars and light trucks, provides maintenance and repair services, sells replacement parts and arranges related financing, vehicle service and insurance contracts. For additional information regarding Group 1 Automotive free of charge via fax, dial 1-800-PRO-INFO and use the company's stock symbol, "GPI." Group 1 Automotive, Inc. can be reached on the Internet at http://www.group1auto.com