Asbury Automotive Group Announces Appointment of Scott Krenz as Chief Financial Officer

Asbury Automotive Group, Inc. ABG, one of the largest automotive retail and service companies in the U.S., today named Scott Krenz as the company's Senior Vice President and Chief Financial Officer, effective June 27. Krenz will succeed former CFO Craig T. Monaghan, who in February accepted the position of President and Chief Executive Officer at Asbury. Krenz was most recently Executive Vice President and Chief Financial Officer at Heidrick & Struggles, a $600 million global leadership advisory firm based in Chicago, Illinois. Prior to that, he served as Executive Vice President and Chief Financial Officer at Navigant Consulting. He spent over 20 years in various technology firms, including Electronic Data Systems Corporation, and holds a CPA certificate in Illinois. Krenz has both a B.A. in History from Northwestern University, and an M.B.A. with a concentration in Finance and Accounting from Tulane University. "We are fortunate to have a leader such as Scott Krenz taking over the CFO position, and look forward to benefiting from his broad financial and technology experience," Monaghan stated. "Together with the leadership team in place, there is no doubt Asbury is well on its way to becoming the most admired automotive group in the country.