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PEP BOYS ISSUES ANNOUNCEMENT

 PEP BOYS ISSUES ANNOUNCEMENT
 PHILADELPHIA, Dec. 11 /PRNewswire/ -- Pep Boys -- Manny, Moe & Jack


(NYSE: PBY) announced today that Benjamin Strauss, chairman of the board, will retire on Feb. 1, 1992, the end of the current fiscal year.
 Thereafter, Strauss will serve as a consultant to the company and will continue to serve as a member of the board of directors. Mitchell G. Leibovitz, who previously succeeded Strauss as president and chief executive officer of the company, will continue in those capacities.
 In addition, the board of directors declared the quarterly dividend of $.0325 per share, payable on Jan. 27, 1992, to holders of record as of the close of business on Jan. 13, 1992.
 /delval/
 -0- 12/11/91
 /CONTACT: Michael J. Holden, senior vp-finance and treasurer of Pep Boys, 215-227-9202/
 (PBY) CO: Pep Boys -- Manny, Moe & Jack ST: Pennsylvania IN: REA SU: PER DIV


JS-CC -- PH041 -- 1599 12/11/91 16:09 EST
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Publication:PR Newswire
Date:Dec 11, 1991
Words:154
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