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Reynolds Elects Lloyd Waterhouse to CEO

Press release from the issuing company

DAYTON, Ohio, Lloyd G. "Buzz" Waterhouse (49) has been elected chief executive officer of The Reynolds and Reynolds Company (NYSE: REY). Waterhouse joined Reynolds in May 1999 as president and chief operating officer after a 26-year career at IBM. He held a number of top positions at IBM including general manager of e-business services, director of strategy, and president of Asia Pacific Services Corporation. David R. Holmes (60) will serve as Chairman and will continue as director. Holmes said , "Since Buzz joined us 17 months ago, he has played a major role in creating the new Reynolds and Reynolds. He has been instrumental in helping us shape our growth strategy. This company is in great hands. The leadership team has never been stronger. I'm delighted by how far we have come as an organization," Holmes said. Reynolds and Reynolds, headquartered in Dayton, Ohio, is the leading provider of integrated information management solutions to the automotive retailing marketplace. The company's services include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management solutions and leasing services.

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