Asbury Automotive Group, Inc. (NYSE: ABG) has announced the retirement of George A. Villasana, the Senior Vice President, Chief Legal Officer, and Secretary of the company, after over 12 years of service in that role. Under the transition plan, Mr. Villasana will continue to serve until June 30, 2024, and then as a Special Advisor to the Company until his retirement on March 31, 2025.
Asbury Automotive Group, Inc. operates 157 new vehicle dealerships, consisting of 206 franchises, representing 31 domestic and foreign brands of vehicles. As of March 31, 2024, the company also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers.
David W. Hult, Asbury's President and Chief Executive Officer, expressed gratitude for George's unwavering commitment and dedication to the company, stating that he has been instrumental in Asbury’s successful achievement of its transformational growth and other strategic objectives over the years. Asbury Chairman of the Board Thomas Reddin added, “We are thankful to George for serving as the Board’s trusted chief legal advisor over his 12 years of service. George’s integrity, experience, and professionalism made him a very effective legal advisor to the company and the board.”
Asbury ranks 18th in the 2023 Forbes list of America’s Best Mid-Sized Companies and is recognized as one of America’s Greatest Workplaces 2023 by Newsweek as well as one of the Best Companies to Work For in the Retailers industry by U.S. News & World Report. Following these announcements, the company's shares moved 1.7%, and are now trading at a price of $215.12. If you want to know more, read the company's complete 8-K report here.
