"We thank Keith for his
valuable service to Asbury over the last 13 years and wish him well
in his next endeavor,” Craig Monaghan, Asbury's president and CEO.
“We are pleased that Keith has agreed to remain with the company
until after we file our annual report on the Form 10-K for the year
ended December 31, 2016."
Style will take over
as president and CFO of a privately owned business, Asbury said. He
will be replaced on an interim basis by William Stax, currently
Asbury's corporate controller and chief accounting officer.
"I
would like to thank Craig for his mentorship during our time working
together,” Style said. “I'm very thankful for the opportunities
and support both he and the board provided me during my years at
Asbury. It's been a privilege to work alongside the high-performing
members of the Asbury team."
Atlanta-based Asbury
Automotive is one of the nation's largest automotive retailers,
operating 79 dealerships with 95 franchises.
Keith Style, senior
vice president and chief financial officer of the Asbury Automotive
Group, will resign from the company effective March 7, Asbury
announced recently.