FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 16, 2009--
AMERICREDIT CORP. (NYSE:ACF) today announced the appointment of Robert
Sturges to its board of directors and the resignation of Bruce
Berkowitz. Mr. Sturges is Fairholme Fund, Inc.’s designee to
Mr. Sturges is the President and Chief Executive Officer of Nevada Gold
& Casinos, Inc. He has more than 25 years of gaming industry experience
including over 15 years with Carnival Resorts & Casinos and Carnival
Corporation. He is a graduate of Dartmouth College and Rutgers School of
Mr. Berkowitz stepped down from AmeriCredit’s board due to the demands
of his position as Managing Member of Fairholme Capital Management. Mr.
Berkowitz’s resignation did not result from any disagreement with
AmeriCredit’s board or management.
“We sincerely thank Bruce Berkowitz for his service and the insight he
brought to our board,” said AmeriCredit’s Chairman Clifton Morris, Jr.
“We are pleased to add Robert Sturges to our board, an addition that was
unanimously supported by the board. He is a well-respected and
accomplished professional and I am confident that our company and our
shareholders will benefit greatly from his knowledge and counsel.”
AmeriCredit Corp. is a leading independent automobile finance company
that provides financing solutions indirectly through auto dealers across
the United States. AmeriCredit has approximately 900,000 customers and
$10 billion in auto receivables. The Company was founded in 1992 and is
headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.
Source: AmeriCredit Corp.
Caitlin DeYoung, 817-302-7394