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AutoZone Announces Approval for Additional Stock Repurchase, Officer Promotions

17 October 2000

AutoZone Announces Approval for Additional Stock Repurchase, Officer Promotions

    MEMPHIS, Tenn., Oct. 17 AutoZone's board of
directors today approved the repurchase of up to an additional $100 million of
the company's common stock in the open market, bringing the total repurchase
authorization to $1.35 billion.  As previously announced, as of August 26,
cumulative share repurchases, including forward commitments, were
$1.151 billion, or 44.4 million shares.
    Also at today's meeting, the board approved three officer promotions.
Bill Hackney, 35, previously director, special projects, has been named vice
president, operations support, customer satisfaction.  Charlie Pleas, 36,
previously director, accounting, has been named vice president, accounting,
customer satisfaction.  Bud Wachenschwanz, 52, previously director,
merchandising, has been name vice president, merchandising concepts, customer
satisfaction.
    AutoZone sells auto and light truck parts, chemicals and accessories
through 2,915 AutoZone stores in 42 states in the U.S. plus the District of
Columbia and 13 AutoZone stores in Mexico.  AutoZone also sells heavy-duty
truck parts through 49 TruckPro stores in 15 states, and automotive diagnostic
and repair software through ALLDATA and diagnostic and repair information
through alldatadiy.com .