Asbury Automotive Group, Inc. Announces Appointment of Nathan Briesemeister as Vice President, Chief Accounting Officer & Controller

Rhea-AI Summary

Asbury Automotive Group, Inc. (NYSE: ABG) announced the appointment of Nathan Briesemeister as Vice President, Chief Accounting Officer & Controller, effective November 7, 2022. Briesemeister joins from Global Payments Inc., where he served as Senior Vice President and Corporate Controller. His experience is expected to significantly benefit Asbury as the company integrates its acquisitions and pursues its 2025 growth plan. Asbury, headquartered in Duluth, GA, operates 148 dealerships and various automotive-related businesses.

Positive

• Nathan Briesemeister's extensive experience in finance will aid in the integration of acquisitions.
• Strengthening of leadership with the addition of Briesemeister as part of the growth strategy.

Negative

• None.

DULUTH, Ga.--(BUSINESS WIRE)-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced that Nathan Briesemeister joined the Company as its Vice President, Chief Accounting Officer & Controller effective November 7, 2022.

“I am very excited to have Nathan join the Asbury Team. Nathan’s experience will be a tremendous asset as we integrate our acquisitions and continue our 2025 growth plan,” said Senior Vice President and Chief Financial Officer Michael Welch.

Mr. Briesemeister joins the Company from Global Payments Inc. (“GPN”), a NYSE-listed Fortune 500 multinational financial technology company, that provides payment technology and services to merchants, issuers and consumers, where he served as Senior Vice President and Corporate Controller since March 2020. From October 2017 until it was acquired by GPN in September 2019, Mr. Briesemeister served as Vice President, Finance & Accounting of Total Systems Services, Inc., a financial technology company. Mr. Briesemeister began his career at PricewaterhouseCoopers LLP in 1994 as a staff accountant and served in various positions of increasing responsibility including as a partner from July 2007 to June 2017. Mr. Briesemeister received his Bachelor of Business Administration in Accounting from Oglethorpe University and is a Certified Public Accountant in the State of Georgia.

About Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 148 dealerships, consisting of 198 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates seven stand-alone used vehicle stores, 34 collision repair centers, an auto auction, a used vehicle wholesale business and an F&I product provider. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221107006115/en/

Investors & Reporters May Contact:

Joe Sorice

Manager, Investor Relations

(770) 418-8211

ir@asburyauto.com

Source: Asbury Automotive Group, Inc.

FAQ

Who is Nathan Briesemeister and what role has he taken at Asbury Automotive Group?

Nathan Briesemeister has been appointed as Vice President, Chief Accounting Officer & Controller at Asbury Automotive Group effective November 7, 2022.

What experience does Nathan Briesemeister bring to Asbury Automotive Group?

Prior to joining Asbury, Briesemeister served as Senior Vice President and Corporate Controller at Global Payments Inc., with previous experience at Total Systems Services and PricewaterhouseCoopers.

What is Asbury Automotive Group's growth plan?

Asbury has a 2025 growth plan that aims to enhance their operations and integrate recent acquisitions.

How many dealerships does Asbury Automotive Group operate?

Asbury Automotive Group operates 148 dealerships and various automotive-related businesses across the U.S.