Penske Logistics Announces New Appointments

READING, Pa., October 29, 2007 - Today, Penske Logistics announced the appointments of Jeffrey Stoicheff as Senior Vice President - Human Resources, Etienne Visser as Vice President - Global Transportation Management, and Edward Kitt as Vice President - Distribution Center Management.

Jeffrey Stoicheff, Senior Vice President - Human Resources In his new position, Stoicheff is responsible for the overall strategic programs for Human Resources at Penske Logistics including leadership and organizational development initiatives. Stoicheff reports to Vincent Hartnett, President - Penske Logistics and is based at the company's global headquarters in Reading, Pa. Since joining the company in 1994, Stoicheff has served in a variety of Human Resources leadership posts and is a member of the Logistics Senior Leadership Team.

Etienne Visser, Vice President - Global Transportation Management In his newly created post Visser has responsibility for Penske Logistics' worldwide freight and shipping products. He also leads ongoing development of global international and regional transportation management systems and processes. He is based at Penske's European headquarters in Roosendaal, The Netherlands. Visser reports to Vincent Hartnett, President - Penske Logistics.

Edward Kitt, Vice President - Distribution Center Management Kitt's new role entrusts him with the ongoing development and growth of Penske Logistics' distribution and warehousing services and products used by leading companies around the world. He joined Penske Logistics in 2005 as general manager of operations and is based in Benton Harbor, Mich. Kitt reports to Terry Miller, Executive Vice President Operations Americas.

About Penske Logistics Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international forwarding and carrier management. Visit to learn more about the company and its services.