Asbury Automotive Group Announces Departure of Keith Style as CFO
Staff Report From Metro Atlanta CEO
Thursday, January 26th, 2017
Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., announced that Keith Style provided notice of his intention to resign from the position of Senior Vice President and Chief Financial Officer of the Company effective March 7, 2017, to accept the position of President and Chief Financial Officer of a privately-owned company. Craig T. Monaghan, Asbury's President and Chief Executive Officer, said "We thank Keith for his valuable service to Asbury over the last 13 years and wish him well in his next endeavor. We are pleased that Keith has agreed to remain with the Company until after we file our annual report on the Form 10-K for the year ended December 31, 2016." Style said "I would like to thank Craig for his mentorship during our time working together. I'm very thankful for the opportunities and support both he and the Board provided me during my years at Asbury. It's been a privilege to work alongside the high-performing members of the Asbury team." The Company also announced that William Stax, Corporate Controller and Chief Accounting Officer of the Company, was appointed interim Principal Financial Officer effective March 8, 2017 while the Company conducts a search for a new Chief Financial Officer.