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SEARCHHOUSTON -- Group 1 Automotive Inc., a Fortune 500 automotive retailer, today announced the appointment of David W. Hult as Northeast regional vice president effective July 1, according to The Auto Channel.
HOUSTON -- Group 1 Automotive Inc., a Fortune 500 automotive retailer, today announced the appointment of David W. Hult as Northeast regional vice president effective July 1, according to The Auto Channel.
Hult brings 20 years of automotive experience to the position, most recently serving as the market director for the Northeast region. In this new position, he will oversee 21 franchises in 20 dealerships.
Hult's promotion follows the retirement of David S. Rosenberg, one of the founding members of the Ira Auto Group based in Boston, and a member of Group 1 since 2000.
In June, the company disposed of Chrysler, Dodge and Jeep franchises in the Boston market and a Dodge franchise in New Orleans. The four franchises had total revenues of $58 million in 2005.
These transactions bring the year-to-date disposals to $122 million. As a result of these actions, the company has revised its 2006 disposition target from $110 million to $190 million in annual revenues.
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