FORT LAUDERDALE, Fla. (AFX) - Automotive retailer AutoNation Inc. said Thursday that its board has appointed Robert R. Grusky and Carlos A. Migoya as independent directors.
These additions expand AutoNation's board to nine members from seven, and increase the number of independent directors to seven.
The pair were also appointed to serve on the company's audit committee.
Grusky is the managing member of investment firm Hope Capital Management LLC, which he founded in 2000. He also serves as a senior adviser to private equity firm New Mountain Capital LLC, which he co-founded, and served as a managing director and principal for until 2005.
Migoya is a regional president for Wachovia Bank, Florida, where he is responsible for Wachovia's banking businesses in Dade and Monroe counties.
Shares of Fort Lauderdale, Fla.-based AutoNation fell 10 cents to close at $20.87 on the New York Stock Exchange.
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