Group 1 Automotive Announces Appointment of Vice President of Corporate Development

Rhea-AI Summary

Group 1 Automotive (NYSE: GPI) announced the appointment of Jamie Albertine as Vice President of Corporate Development. He brings over 20 years of experience from the automotive and financial services sectors, previously serving as VP at MileOne Auto Group, managing growth across a portfolio of 70 dealerships. Albertine's role will include overseeing mergers, acquisitions, real estate, and construction strategies. Group 1 operates 204 dealerships and 275 franchises in the U.S. and U.K., selling a variety of vehicle brands and services. This leadership change aims to enhance the company’s strategic growth.

Positive

• Appointment of Jamie Albertine as Vice President of Corporate Development expected to drive strategic growth.
• Albertine's extensive experience in corporate development aligns with Group 1's goals.

Negative

• None.

HOUSTON, March 1, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., announced today that Jamie Albertine has joined the Company as its Vice President of Corporate Development. In his role, Jamie will be responsible for mergers and acquisitions, real estate, and construction activities.

Albertine joins Group 1 with over 20 years' experience in the automotive and financial services industries. Most recently, he served as Vice President, Strategic Initiatives and Corporate Development at MileOne Auto Group. At MileOne, he was responsible for driving growth and working to implement key strategic priorities across a portfolio of over 70 dealerships. Earlier in his career, Albertine served as Managing Partner/Senior Analyst at Consumer Edge Research and Director/Lead Analyst at Stifel Nicolaus & Co, Inc.  Albertine received his undergraduate degree from Harvard University.

"Jamie is a great addition to the Group 1 leadership team. He is a proven corporate development leader, and his experience and background will be instrumental in driving our strategic growth," said Daryl Kenningham, Group 1's President and CEO.  

ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 204 automotive dealerships, 275 franchises, and 46 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, www.facebook.com/group1auto, and www.twitter.com/group1auto.

Investor contacts:
Terry Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
tbratton@group1auto.com

Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223
cwoods@piercom.com

View original content:https://www.prnewswire.com/news-releases/group-1-automotive-announces-appointment-of-vice-president-of-corporate-development-301755801.html

SOURCE Group 1 Automotive, Inc.

FAQ

Who is Jamie Albertine in relation to Group 1 Automotive?

Jamie Albertine is the newly appointed Vice President of Corporate Development at Group 1 Automotive, responsible for mergers and acquisitions.

What experience does Jamie Albertine bring to Group 1 Automotive?

Jamie Albertine has over 20 years of experience in the automotive and financial services industries, previously serving as VP at MileOne Auto Group.

How many dealerships does Group 1 Automotive operate?

Group 1 Automotive operates 204 dealerships and 275 franchises in the U.S. and U.K.

What is the strategic focus of Jamie Albertine's role at Group 1 Automotive?

Albertine's role focuses on overseeing mergers, acquisitions, real estate, and construction activities.