Retail

Penske announces new store plans, forms leadership team

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Penske Auto Centers plans to open three new service centers by the end of 2001 and 30 to 40 new outlets next year.

"And that's just the beginning," says Penske President and CEO Jim Wheat.

In addition, Penske Auto Centers Inc. has named Scott Moss its chief administrative officer.

In his new position, Moss, who joined Penske three years ago, will be responsible for the management of key business issues like training, safety, risk management and human resources.

He also will continue to serve as the Troy, Mich.-based company's vice president of human resources.

Penske also has established "a centralized leadership executive team" that includes company veterans Peter Klein, chief operating officer and senior vice president of stores; J. Randall Lawrence, chief financial officer and senior vice president of finance; and William McStay, chief marketing officer and senior vice president of marketing and communications.

The group "will help guide Penske through its next phase which includes focusing on expansion, long-term growth and reconfirming our commitment to meeting customer expectations."

Penske also has extended its supply deal with Snap-On for the next five years, according to Wheat.

Penske Auto Centers Inc. is the largest independent tire dealership in North America with 630 retail locations and more than 4,000 employees, according to Modern Tire Dealer data.

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