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Letter to the Editor
Monday March 1
AutoNation Names Two New Directors
AutoNation Inc. has appointed two new finance executives to its board of directors, effective immediately. The nation's largest auto retailer said the addition of Michael Larson and Robert J. Brown will bring its board to ten members.Larson is the business manager for Cascade Investment LLC, an investment company wholly owned by Microsoft Corp. co-founder Bill Gates. He's also Gates' chief investment officer. Larson will be an independent director on the board, although Cascade and the Bill & Melinda Gates Foundation own a combined 13 percent stake in AutoNation.
Brown, another independent director, is chairman and CEO of consulting and market research firm B&C Associates Inc. He spent more than ten years as an AutoNation board member beginning in 1997.
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