AutoZone Names Senior Vice Presidents, Stores and Supply Chain

Feb 23, 2001

MEMPHIS, Tenn., Feb. 23 /PRNewswire/ -- AutoZone, Inc. (NYSE: AZO), today named Mike Longo, 39, to the position of senior vice president, stores. He was serving as the company's senior vice president, supply chain. Bill Rhodes, 35, will fill the vacancy created by Longo's move. Rhodes was previously senior vice president responsible for the company's stores in the Mid-South. Rhodes' replacement has not yet been named. Both positions will report to Tim Vargo, AutoZone's president and COO.

"Mike's move from supply chain to operations is one that will greatly benefit the largest piece of our business, our stores. And Bill's addition to supply chain will serve to strengthen the tremendous team Mike has assembled there. Mike and Bill are very competent leaders and dedicated AutoZoners. I couldn't be more excited about these new opportunities for both of them," said Vargo.

Longo joined AutoZone in 1992 as regional manager of distribution. In 1996, he was named vice president, distribution. He became senior vice president of that area in 1998. Prior to AutoZone, Longo was a captain in the U.S. Army. In his final post he taught economics at the United States Military Academy at West Point. He is a graduate of West Point and holds an MBA from the Harvard School of Business.

Rhodes joined AutoZone in 1994 as director of process improvement. In 1997, he was promoted to vice president of operations analysis and support. He was named senior vice president, finance, in 1999. Last year, his responsibilities shifted to operations, where he oversaw stores in the Mid- South. Before coming to AutoZone, Rhodes served as an audit manager for Ernst & Young. He is a graduate of the University of Tennessee at Martin and holds an MBA from The University of Memphis.

AutoZone sells auto and light truck parts, chemicals and accessories through 2,972 AutoZone stores in 42 states plus the District of Columbia in the U.S. and 13 AutoZone stores in Mexico. AutoZone also sells heavy-duty truck parts through 49 TruckPro stores in 15 states, and automotive diagnostic and repair software through ALLDATA. On the web, AutoZone sells diagnostic and repair information through alldatadiy.com, and auto and light truck parts through AutoZone.com.

Certain statements contained in this press release are forward-looking statements. These statements discuss, among other things, expected growth, domestic and international development and expansion strategy, business strategies and future performance. These forward-looking statements are subject to risks, uncertainties and assumptions, including without limitation, competition, product demand, domestic and international economies, government approvals, inflation, the ability to hire and retain qualified employees, consumer debt levels and the weather. Actual results may materially differ from anticipated results. Please refer to the Risk Factors section of Form 10-K for the year ended August 26, 2000, for more details. SOURCE AutoZone, Inc.

CONTACT: media, Andrew Burns, 901-495-7313, or financial, Emma Jo Kauffman, 901-495-7005, both of AutoZone, Inc./