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Asbury Automotive appoints Daniel E. Clara as President and CEO
2025-12-09 06:07
- Asbury Automotive (NYSE:ABG) stated on Monday that David Hult, President and CEO of the company, will transition to the role of Executive Chairman, effective following the company's 2026 annual meeting.
- Daniel E. Clara, currently COO, to succeed Hult as President and CEO.
- Tom Reddin will remain on the Board.
- Clara, with more than two decades of experience at the company, is responsible for driving operational excellence across the organization.
- Clara joined in 2002 as a client advisor in the manager-in-training program at Crown BMW in Greensboro, North Carolina. His leadership has been instrumental in the company’s strong same-store growth and successful integration of several major acquisitions
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- Asbury Automotive signals luxury-driven margin resilience and revised TCA outlook amid SAAR headwinds
- Asbury Automotive Non-GAAP EPS of $7.17 beats by $0.33, revenue of $4.8B misses by $40M
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