Asbury Automotive Team Appoints William D. Fay, A Just lately Retired Toyota Government, To Its Board

DULUTH, Ga., Feb. 1, 2021 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the biggest automotive retail and assistance businesses in the U.S., announced nowadays the appointment of William D. Fay to its Board of Directors efficient January 28, 2021. The Board has appointed Mr. Fay to the Audit Committee and the Capital Allocation & Possibility Administration Committee. Mr. Fay’s election brings the full range of directors to nine, eight of whom are independent. Mr. Fay’s hugely attained automotive job incorporates far more than 38 several years at Toyota Motor North The us, Inc.

“We are delighted to incorporate an individual with Bill’s vast automotive experience and OEM viewpoint to the Asbury Board,” stated Board Chairman, Tom Reddin. “His confirmed record in profits, marketing, functions, dealership relations, customer encounter and omnichannel make him a worthwhile new addition to our Board and will boost the all round composition of the Board.”

“With Bill’s appointment to the Board, we believe that Asbury is in a more powerful situation to execute on our 5-12 months strategic prepare that we launched in December of final year,” reported David Hult, CEO of Asbury Automotive Group. “Bill’s preeminent management knowledge and results acquired whilst functioning Toyota and Lexus functions in the United States and Mexico will be invaluable to Asbury. His running benefits across hundreds of numerous markets in the United States and Mexico are remarkable.”

“It is interesting to turn out to be a board member at Asbury Automotive Group, a really highly regarded, top-tier automotive retailer. I look ahead to supporting their aggressive progress targets throughout all operations with great aim to the continuing innovation in the shopper experience,” stated Bill Fay.

During his vocation with Toyota, which commenced in 1982, Mr. Fay held senior administration roles with Toyota, like most lately as Senior Vice President of Automotive Functions of Toyota North The usa (Toyota & Lexus Divisions) from 2017-2020. Prior to that, Mr. Fay held administration roles with Toyota Motor Profits, which include Group Vice President & Basic Manager (Toyota Division) from 2014-2017 Group Vice President –Toyota Internet marketing from 2010-2014 Vice President – Toyota Revenue from 2007-2010 and Standard Manager (Boston/Los Angeles Regions) from 1995-2007.

About Asbury Automotive Team, Inc.

Asbury Automotive Team, Inc. (“Asbury”), a Fortune 500 firm headquartered in Duluth, GA, is one of the biggest automotive retailers in the U.S. Asbury presently operates 91 dealerships, consisting of 112 franchises, symbolizing 31 domestic and international manufacturers of cars. Asbury also operates 25 collision mend centers. Asbury gives prospects an extensive assortment of automotive merchandise and products and services, which include new and applied car or truck profits and linked funding and insurance coverage, auto maintenance and maintenance companies, substitution pieces and company contracts.

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