HOUSTON and LONDON, Oct. 1,
2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI)
("Group 1" or the "Company"), a Fortune 250 automotive retailer
with 260 dealerships located in the U.S. and U.K., announced
the appointment of Mark Raban as
Chief Executive Officer ("CEO") of Group 1 Automotive U.K.
Raban brings more than 20 years of executive experience in
automotive retail operations and finance to Group 1. In this
new role, he will oversee the integration of the recently acquired
Inchcape dealerships to drive strategic growth in the U.K.
Leveraging the Company's expanded brand portfolio and presence,
Raban will also focus on enhancing customer experience and
reinforcing Group 1's strong OEM partnerships.
"Mark is a proven leader with a history of success in the U.K.
motor trade," said Daryl Kenningham,
Group 1's President and CEO. "Following the transformative
growth of our U.K. business, he will be instrumental in creating a
high-performing culture among our team members and engaging
customers across our expanded dealership network."
Prior to joining Group 1, Raban progressed from Chief Financial
Officer ("CFO") to CEO at Lookers Motor Group, a dealership group
in the U.K. and Ireland. Prior to joining Lookers, he served
as CFO of Marshall Motor Holdings and held senior finance roles at
companies such as Inchcape Retail, Selfridges, and Borders.
"I am excited to join the accomplished team at Group 1 during a
pivotal moment for the organization and look forward to empowering
our teams throughout the country," said Raban. "By harnessing
our combined strengths, we can drive operational excellence and
customer-centric innovation. We have an opportunity to set
the highest standard for automotive retailing in the U.K."
Group 1 has operated in the U.K. since 2007. Today, the
Company has 114 dealerships across the market and an extensive
brand portfolio including Audi, BMW/MINI, Jaguar Land Rover, Lexus,
Mercedes-Benz/smart, Porsche, Toyota, Volkswagen and Volkswagen
Commercial Vehicles.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns
and operates 260 automotive
dealerships, 338 franchises,
and 44 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,
and www.facebook.com/group1auto.
Investor contacts:
Terry
Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
ir@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
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