DULUTH, Ga., Nov. 6, 2018 /PRNewswire/ -- Asbury
Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one
of the largest automotive retail and service companies in the U.S.,
announced today the appointment of Maureen
Morrison to its Board of Directors effective January 1, 2019. The Board has appointed
Ms. Morrison to the Audit Committee and the Capital Allocation
& Risk Management Committee, also effective January 1, 2019. Ms. Morrison's election
brings the total number of directors to ten, nine of whom are
independent. Ms. Morrison's highly accomplished career includes
more than 35 years at PricewaterhouseCoopers where she was recently
an audit partner and a senior executive leader for the Atlanta technology audit practice.
"Ms. Morrison brings diverse experience and a unique perspective
to the Asbury Board," said Board Chairman, Tom DeLoach. "Her proven record of leadership
and financial expertise makes her a valuable new addition to the
board. And Asbury Automotive Group will benefit from her
counsel."
"With Ms. Morrison's appointment to the board, we believe Asbury
Automotive Group is in a stronger position for transformational
growth and success," said David
Hult, CEO of Asbury Automotive Group. "Ms. Morrison brings
to the board the financial and audit knowledge and expertise to
execute on our strategic initiatives. Her added experience in
technology will be an asset to us as we continue to apply
technology in providing best-in-class guest experiences and work to
bring innovations to the automotive retail industry."
During her career, Ms. Morrison worked with several prominent
multibillion-dollar, global technology corporations as their audit
partner during periods of rapid growth and business transformation.
She is also a highly respected financial and accounting expert who
has advised several Audit Committees of midcap public companies,
private equity-backed entities and Fortune 500 companies. She
currently serves as an Independent Director and Audit Committee
chair of Safeguard Scientifics, Inc., a private equity and venture
capital firm. In addition, she currently serves as an
Independent Director and member of the Audit Committee and
Nominating and Corporate Governance Committee of ePlus inc., an
information technology solutions provider. Ms. Morrison is also a
non-profit board member of the Education Committee for The Alliance
Theatre (Woodruff Arts Center) in Atlanta.
About Asbury Automotive Group, Inc.
Asbury Automotive
Group, Inc. ("Asbury"), a Fortune 500 company headquartered in
Duluth, Ga., is one of the largest
automotive retailers in the U.S. Asbury currently operates 83
dealerships, consisting of 97 franchises, representing 29 domestic
and foreign brands of vehicles. Asbury also operates 25
collision repair centers. Asbury offers customers an
extensive range of automotive products and services, including new
and used vehicle sales and related financing and insurance, vehicle
maintenance and repair services, replacement parts and service
contracts.
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SOURCE Asbury Automotive Group, Inc.