Asbury Automotive Group, Inc. (ABG) announced its succession plan in anticipation of the retirement of president and chief execuitve officer Charles Oglesby on July 31, 2011. The company noted that senior vice president and chief financial officer Craig Monaghan has assumed the role of president and CEO, and senior vice president and chief operating officer Michael Kearney has been promoted to executive vice president.
The company stated that Oglesby has assumed responsibilities as the chairman of its Board of Directors until he retires at the end of July.
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.