Asbury Automotive Group Announces Appointment of Senior Vice President, General Counsel and Corporate Secretary

Rhea-AI Summary

Asbury Automotive Group has announced the appointment of Dean A. Calloway as Senior Vice President, General Counsel, and Secretary, effective July 1, 2024. Calloway has been with Asbury since 2013, occupying various legal roles and demonstrating expertise in commercial litigation, cybersecurity, corporate governance, and more. He succeeds George A. Villasana, the retiring SVP and Chief Legal Officer, who will stay on as a Special Advisor until March 2025. Asbury, a Fortune 500 company, is a large automotive retail and service company in the U.S., with 157 dealerships and a diverse range of automotive products and services.

Positive

• Appointment of Dean A. Calloway as SVP General Counsel, effective July 1, 2024.
• Dean Calloway's extensive 10+ years of experience within the company.
• Calloway's proven track record in leading complex commercial litigation and cybersecurity issues.
• Strategic transition plan with outgoing SVP George A. Villasana staying as Special Advisor until March 2025.

Negative

• Transition of a key executive role might pose short-term uncertainties.
• Retirement of experienced SVP and Chief Legal Officer George A. Villasana on June 30, 2024.

DULUTH, Ga.--(BUSINESS WIRE)-- Asbury Automotive Group, Inc. (NYSE: ABG) (“we,” “our” or the “Company”), one of the largest automotive retail and service companies in the U.S., is proud to announce the appointment of Dean A. Calloway as SVP, General Counsel and Secretary, effective July 1, 2024. Dean joined Asbury as Assistant General Counsel in October 2013. He was promoted to Associate General Counsel in February 2017, and then promoted to Vice President and Associate General Counsel in August 2022. In his 10+ years with the Company, Dean has taken the lead on complex commercial litigation, cyber security issues, corporate governance matters, franchise and OEM matters, and employment issues. He has also served as assistant corporate secretary. Prior to joining Asbury, Dean was a partner in the Atlanta office of an Am Law 15 firm where he worked in the firm’s business and tort litigation group.

David W. Hult, Asbury’s President and Chief Executive Officer, said, “I am very confident in Dean’s ability to lead the Asbury Legal Department as we continue on our exciting path forward as a company.”

Mr. Calloway said of his appointment, “I am honored to assume this new role and I look forward to the opportunity.”

On April 19, 2024, we announced the transition plan of our Senior Vice President (SVP), Chief Legal Officer and Secretary, George A. Villasana. Mr. Villasana retired on June 30, 2024, and will continue to serve as Special Advisor to the Company until his retirement on March 31, 2025.

About Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a multi-year plan to increase revenue and profitability strategically through organic operations, acquisitive growth and innovative technologies, with its guest-centric approach as Asbury’s constant North Star. As of March 31, 2024, Asbury operated 157 new vehicle dealerships, consisting of 206 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 37 collision repair centers. Asbury offers an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance. Asbury ranks 18th in the 2023 Forbes list of America’s Best Mid-Sized Companies. Asbury is recognized as one of America’s Greatest Workplaces 2023 by Newsweek as well as one of the Best Companies to Work For in the Retailers industry by U.S. News & World Report.

For additional information, visit www.asburyauto.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240710354526/en/

Investors & Reporters May Contact:

Joe Sorice

Manager, Investor Relations

(770) 418-8211

ir@asburyauto.com

Source: Asbury Automotive Group, Inc.

FAQ

When will Dean A. Calloway assume the role of SVP, General Counsel, and Secretary at Asbury Automotive Group?

Dean A. Calloway will assume his new role as SVP, General Counsel, and Secretary on July 1, 2024.

How long has Dean A. Calloway been with Asbury Automotive Group?

Dean A. Calloway has been with Asbury Automotive Group since October 2013.

What roles has Dean A. Calloway held at Asbury Automotive Group?

Dean A. Calloway has served as Assistant General Counsel, Associate General Counsel, and Vice President and Associate General Counsel.

Who did Dean A. Calloway succeed as SVP, General Counsel, and Secretary at Asbury Automotive Group?

Dean A. Calloway succeeded George A. Villasana, who retired on June 30, 2024.

What is the future role of George A. Villasana after retiring as SVP and Chief Legal Officer?

George A. Villasana will continue as a Special Advisor to Asbury Automotive Group until March 31, 2025.

What are some of the key areas of expertise for Dean A. Calloway at Asbury Automotive Group?

Dean A. Calloway has expertise in commercial litigation, cybersecurity issues, corporate governance, franchise and OEM matters, and employment issues.