HOUSTON, June 1, 2020 /PRNewswire/ -- Group 1
Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an
international, Fortune 500 automotive retailer, today announced the
appointment of Daniel McHenry as
Chief Financial Officer (CFO) effective August 15, 2020. He will replace long time
Group 1 CFO John Rickel, who has
elected to retire from the company at the end of this year after
almost 15 years of service.
McHenry has served as Group 1's UK Finance Director since
2007. He is a native of Belfast,
Northern Ireland and holds a Bachelors degree in Economics
from Queens University Belfast and a
Masters degree in Accounting and Management Science from
Southampton University. Additionally, he is a member of the
Association of Chartered and Certified Accountants in the UK.
Mr. McHenry joined Group 1 in 2007 as part of the acquisition of
Chandlers BMW in southern England,
Group 1's first venture in the UK. Prior to entering the auto
retail business, McHenry had five years of experience with KPMG in
the UK.
Group 1 CEO Earl Hesterberg
commented, "Working with Daniel directly over the past 12 years I
have witnessed firsthand his passion for the retail automotive
business. He has been responsible for the creation of our
back-office systems, processes and financial controls, as we have
grown our UK operations from three dealerships in 2007 to 50
dealerships today. His familiarity with our company, people
and processes makes him the perfect candidate to step into this
important role."
Current Group 1 CFO John Rickel
came to Group 1 in December 2005
after a 21-year career at Ford Motor Company. At Ford, Rickel
held a variety of key positions including the roles of CFO of Ford
of Europe and CFO of the
Americas. Group 1 Chairman of the Board Steve Quinn stated,
"John has been a driving force in the growth and development of
Group 1. His international experience and extensive knowledge
of processes and controls have been invaluable to Group 1 over the
past decade and a half."
Hesterberg added, "We could not have asked for a better person
to establish the infrastructure and systems for a fast-growing
international auto retailer over these years. All of us,
especially myself, owe John a great deal of gratitude for his
accomplishments at Group 1. He will be sorely missed."
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns
and operates 186 automotive dealerships, 242 franchises, and
49 collision centers in the United States, the United
Kingdom and Brazil that offer 31 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
Senior Vice President, 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
View original
content:http://www.prnewswire.com/news-releases/group-1-automotive-appoints-daniel-mchenry-as-chief-financial-officer-301068808.html
SOURCE Group 1 Automotive, Inc.