DULUTH, Ga. — Asbury Automotive Group Inc. today announced that senior vice president and CFO Scott Krenz will retire from his position on Dec. 31. The dealer group also announced that its current vice president of finance, Keith Style, was appointed to succeed Krenz as CFO.
"We thank Scott for his valuable service to Asbury,” said Craig T. Monaghan, Asbury's president and CEO. “He has been instrumental in Asbury's delivery of significant value to our shareholders during his tenure, and we are pleased that he has agreed to remain with the company for a transitional period.”
Krenz added: "I want to thank Craig and the board for the opportunity to work with a great team. As I retire to pursue some long-delayed personal goals, I am confident the company has the right team in place to drive its continued success."
Style joined Asbury in October 2003. He has held several positions during his time with Asbury, having served as vice president of finance since November 2008. Prior to his appointment as vice president of finance, he served as the company's vice president of investor relations, director of budgeting & forecasting, and assistant controller.
"We are excited for Keith to transition into this new role with Asbury,” said Monaghan. “He is an industry veteran with tremendous breadth and depth of knowledge of Asbury, and I look forward to his continued contributions as a member of our senior management team."