Jeffrey Schwartz succeeds Mark Lorimer as President and CEO of Autobytel

Autobytel Inc. yesterday announced that Jeffrey Schwartz has been appointed President and Chief Executive Officer effective immediately. Mr. Schwartz succeeds Mark Lorimer who resigned as Chief Executive Officer, President and Director.

Mr. Schwartz joined the company as Vice Chairman on August 14, 2001 in connection with the acquisition of Autoweb.com, Inc., where Mr. Schwartz was President and Chief Executive Officer. Prior to joining Autoweb, Mr. Schwartz was Corporate Vice President at The Walt Disney Company, where he was responsible for corporate alliance business development.

“We are very excited at Jeffrey’s appointment as President and Chief Executive Officer. Jeffrey brings enormous experience in online automotive commerce and marketing, as well as in the development of strategic alliances,” said Michael Fuchs, Autobytel Inc.’s Chairman. “We are grateful for the service that Mark Lorimer has provided to Autobytel in developing the company from its initial public offering to its strong financial position today. We know Mark will be successful in his next business.”

Mark Lorimer said, “I am grateful to the company’s board, management team and employees for all their support in building Autobytel from a concept to the strong company that it is today. I am pleased to have been a part of the company.”