This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Asbury Automotive Group Appoints Michael S. Kearney Industry Veteran To Board Of Directors

DULUTH, Ga., Oct. 18, 2012 /PRNewswire/ -- Asbury Automotive Group (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that Executive Vice President and Chief Operating Officer Michael S. Kearney has been appointed to its Board of Directors. With Kearney's appointment, the Board of Directors now consists of nine members.

"I am pleased to welcome Michael as a member of our Board," said Asbury's Chairman Thomas DeLoach, Jr. "Michael has over 30 years of automotive retail experience, 22 of which are with this company, and has cultivated numerous deep relationships throughout the industry. He is an outstanding addition to our Board."

"Michael's demonstrated leadership abilities and extensive knowledge of the automotive retail business have proven invaluable in rebuilding our company and positioning us well with a strong operational foundation for the future," said President and CEO Craig Monaghan. "It's been a pleasure to work with Michael, and I look forward to serving on the board with him."

In 1990, Kearney joined Asbury's Crown Automotive Group as chief financial officer. In 2000, he assumed the role of president and CEO of Crown Automotive Group, and then president of Asbury's former Eastern Region (which included North and South Carolina, Georgia and Florida) in 2008. Crown, which grew from 8 to 18 dealerships throughout North Carolina, South Carolina, New Jersey and Virginia, merged with Asbury in 1998. Kearney played a key role in Asbury's public offering in 2002.

Kearney received his B.S. from the College of William and Mary, and an M.S. from Virginia Commonwealth University.

"I am honored to become a member of our Board of Directors," said Kearney. "I look forward to serving in this new capacity and continuing my work with our dealership operations."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs