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.
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