Asbury Automotive Appoints Michael Welch As CFO

Automotive retailer Asbury Automotive Group, Inc. ABG has appointed Michael Welch as Senior Vice President and Chief Financial Officer effective August 9, 2021.
Welch has served as the Vice President and Corporate Controller at Group 1 Automotive, Inc. GPI.
Welch did his Bachelor of Business Administration from Oklahoma Baptist University and is a Certified Public Accountant (CPA) in Texas.
“Michael has spent over 20 years working in the automotive retail industry, so he brings with him a deep understanding of the auto retail business along with broad experience in financial management, treasury, accounting, and auditing, which will prove invaluable as we continue to execute on our five-year growth plan,” said CEO David Hult.
Price action: ABG shares traded lower by 2.48% at $173.19 on the last check Tuesday.