FORT WORTH, Texas — AmeriCredit announced the addition of Robert Sturges to its board of directors this week. Sturges will take the place of Bruce Berkowitz, who resigned from the board.

Sturges currently is the president and chief executive officer of Nevada Gold & Casinos. He has more than 25 years of gaming industry experience, including more than 15 years with Carnival Resorts & Casinos and Carnival Corp.

Sturges is Fairholme Fund's designee to AmeriCredit's board.

AmeriCredit officials stressed that Berkowitz's resignation did not result from any disagreement with the company's board or management. Executives explained that Berkowitz stepped down from their board due to the demands of his position as managing member of Fairholme Capital Management.

"We sincerely thank Bruce Berkowitz for his service and the insight he brought to our board," AmeriCredit chairman Clifton Morris Jr. said.

Furthermore, Morris is confident that Berkowitz is being replaced effectively with the addition of Sturges to the AmeriCredit board.

"We are pleased to add Robert Sturges to our board, an addition that was unanimously supported by the board," Morris indicated.

"He is a well-respected and accomplished professional, and I am confident that our company and our shareholders will benefit greatly from his knowledge and counsel," Morris concluded.