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Letter to the Editor
Friday September 19
Penske Automotive Group Names Houfley Executive Vice President and CFO
Penske Automotive Group, Inc. (PAG) has appointed Gregory J. Houfley, CPA, Executive Vice President, Chief Financial Officer effective September 15, 2003.Houfley joined Penske Corporation in September 1994 as Corporate Tax Director and was promoted to Vice President, Finance in October 2000. Prior to joining Penske Corporation, he was Senior Manager, Tax Services at Deloitte & Touche in Detroit.
Penske Automotive Group, Inc. (PAG), based in El Monte, California is a subsidiary of Penske Corporation. The Group sells more than 44,000 vehicles annually and includes Longo Toyota in El Monte, CA, its flagship store and the #1 retail automotive dealership in the world; Longo Lexus in El Monte, CA; Penske Motorcars (Mercedes-Benz) and Penske Jaguar and Aston Martin, both in West Covina, CA; Penske Honda in Ontario, CA; and Lexus Stevens Creek in San Jose, CA. The Group will open its seventh store, Toyota of Rancho Santa Margarita, in the spring of 2004.
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