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Penske Automotive Adds to Board of Directors

December 20, 2012

BLOOMFIELD HILLS, Mich. — Penske Automotive Group Inc. today announced that Sandra E. Pierce was appointed to its board of directors. With this additional appointment, the company now has 12 directors, including eight outside directors.

Pierce recently retired as president and CEO of Charter One Bank Michigan, a division of Royal Bank of Scotland, where she was responsible since 2004 for the bank’s commercial banking business and all bank activities in Michigan. She also served as the Midwest regional executive, overseeing all bank activities in Illinois and Ohio. Prior to these positions, Pierce held various executive positions with JP Morgan Chase, Bank One and National Bank of Detroit from 1978 through 2004.

Pierce currently serves as chairman of the board of trustees of Henry Ford Health System, and she is actively involved in numerous activities to foster economic development in the Detroit area, including chair of the Financial Advisory Board for the City of Detroit.

“We are delighted that Sandra Pierce has accepted our invitation to join the Penske Automotive Group board of directors,” said Roger S. Penske, chairman. “Sandra brings a unique set of skills and knowledge to our board that will add value to our strategic discussions, especially in the areas of business development, risk management, relationship management and marketing.”


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