Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced the appointment of Christopher DiSantis to its Board of Directors effective March 1, 2026. The Board has appointed Mr. DiSantis to the Audit Committee and the Compensation & Human Resources Committee, also effective March 1, 2026. Mr. DiSantis’s appointment brings the total number of directors to eleven, ten of whom are independent, including Mr. DiSantis. The Company also announced that long-time Board member Philip Maritz has notified the Board that he is not standing for re-election, and his term will end, at the Company’s 2026 Annual Meeting of Stockholders.

“We are thrilled to welcome Chris to the Board and we are fortunate to have him,” said Board Chair Tom Reddin. “Chris has demonstrated a consistent track record of creating value through both operational excellence and transformative growth strategies, operating in various industries including the automotive parts supply sector. We expect Chris to provide valuable strategic insights related to Company planning and operations.”

“Chris brings an added dimension,” said David Hult, Asbury’s President and Chief Executive Officer. “His value-creation experience demonstrated through repeated scaling, transformation, and performance improvement across complex operating environments will make us a stronger organization.”

Mr. DiSantis is a Partner at American Securities, a private equity firm he joined in 2019. He is a member of the Operating Committee and leads the Resources Group, which assists their portfolio companies in value creation and the implementation of their strategic agendas. During his time at American Securities, Mr. DiSantis has also served in interim leadership roles for several of their companies. Before joining American Securities, Mr. DiSantis served as CEO of Verso Corporation, a North American producer of paper, packaging, and pulp. Prior to Verso, Mr. DiSantis served as CEO of H-D Advanced Manufacturing, a diversified motion-control technology enterprise serving the aerospace and industrial markets; CEO of Latrobe Specialty Metals, Inc., a manufacturer of premium alloys; and President of Hawk Corporation, which designed, manufactured, and distributed precision-engineered components.

Mr. Maritz’s departure marks the end of an era. Among other endeavors, Mr. Maritz is a co-founder and President of Maritz, Wolff & Co., which manages the Hotel Equity Fund, a private equity investment fund that invests in luxury hotels and resorts; the founder and President of Maritz Properties, a commercial real estate development and investment firm; and the Managing Director of Broadreach Capital Partners, a private equity real estate investment fund and a member of the Council on Foreign Relations. Mr. Maritz was appointed to the Board in April 2002 shortly after Asbury became a publicly-held company. During his tenure on the Board, Mr. Maritz served as Chair of the Audit Committee, Chair of the Risk Management Committee, and Chair of the Governance & Nominating Committee. He currently serves as a member of the Capital Allocation & Risk Management Committee, the Governance & Nominating Committee, and the Executive Committee.

“Philip has been instrumental in helping to guide Asbury from its Initial Public Offering to $18 billion in revenue, a Fortune 500 company operating at over 170 dealership locations in 15 states, and which has been recognized by Forbes as one of America’s Most Successful Small-Cap Companies and by Newsweek as one of the World’s Most Trustworthy Companies,” said Mr. Hult.

“Philip’s contributions to Asbury during his tenure on the Board are a testament to his deep experience and sound judgment,” said Mr. Reddin. “Over the course of his almost 24 years as a Board member, Philip provided a rare blend of leadership, strategic insights and rigorous analytical inquiries, especially during pivotal moments in the Company’s history. The Board and the management team are deeply grateful for Philip’s many years of dedicated service and the lasting contributions he has made to Asbury’s success. He is our friend and he will be missed.”

“I am proud of what the Board has accomplished over the last two decades, and thankful to have been a part of that equation,” said Mr. Maritz. “I have every confidence that Asbury’s Board and management team are well-positioned to continue the Company’s mission to be the nation’s most-guest-centric automotive retailer. I wish my friends and colleagues at Asbury continued success.”