HOUSTON, May 12, 2017 /PRNewswire/ -- Group 1
Automotive, Inc. (NYSE: GPI), ("Group 1" or the
"Company"), an international, Fortune 500 automotive retailer,
today announced that Stephen D.
Quinn has been elected by its Board to serve as
non-executive Chairman of its Board of Directors. Mr. Quinn
has served as a director of the Company since May 2002, and currently serves on the Board of
Directors, the Audit Committee, and the Risk Oversight Committee of
Zions Bancorporation. He has replaced John
L. Adams, whose incumbency spanned twelve years. Mr.
Adams will continue as a Director and now serve as Chairman of the
Company's Finance/Risk Management (FRM) Committee. Mr. Adams
has been as a director of the Company since November
1999.
"We would like to thank John for serving as non-executive
chairman for the past decade, and for continuing on with our board
as FRM Committee chair. John's insight and experience with
capital allocation has been integral to the Company for the past 18
years," said Earl Hesterberg, Group
1's president and chief executive officer. "We now welcome Steve to
the role of non-executive Chairman and believe his extensive
background in corporate finance and tremendous experience in
assessing business strategies and risks, make him a great asset as
the new chairman."
About Group 1 Automotive, Inc.
Group 1 owns and operates 159 automotive
dealerships, 210 franchises, and
45 collision centers in the
United States, the United
Kingdom and Brazil that offer 30 brands of
automobiles. Through its dealerships, the Company sells new and
used cars and light trucks; arranges related vehicle financing;
sells service contracts; provides automotive maintenance and repair
services; and sells vehicle parts.
Investors please visit www.group1corp.com,
www.group1auto.com,
www.group1collision.com,
www.facebook.com/group1auto, and
www.twitter.com/group1auto, where Group 1 discloses
additional information about the Company, its business, and its
results of operations.
Investor contacts:
Sheila
Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com
Media contacts:
Pete
DeLongchamps
V.P. Manufacturer Relations, Financial Services and Public
Affairs
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com
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SOURCE Group 1 Automotive, Inc.