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Asbury Automotive Appoints Michael Welch As CFO

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  • Automotive retailer Asbury Automotive Group, Inc. (NYSE: ABG) has appointed Michael Welch as Senior Vice President and Chief Financial Officer effective August 9, 2021.

  • Welch has served as the Vice President and Corporate Controller at Group 1 Automotive, Inc. (NYSE: GPI).

  • Welch did his Bachelor of Business Administration from Oklahoma Baptist University and is a Certified Public Accountant (CPA) in Texas.

  • “Michael has spent over 20 years working in the automotive retail industry, so he brings with him a deep understanding of the auto retail business along with broad experience in financial management, treasury, accounting, and auditing, which will prove invaluable as we continue to execute on our five-year growth plan,” said CEO David Hult.

  • Price action: ABG shares traded lower by 2.48% at $173.19 on the last check Tuesday.

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