ABG Chief Legal Officer George Villasana to retire; search for successor underway

ASBURY AUTOMOTIVE GROUP INC

George Villasana will retire as SVP, CLO and Secretary effective June 30, 2024.
He will serve as non-executive Special Advisor from July 1, 2024 to March 31, 2025, receiving $59,133/month.
Unvested equity awards continue vesting during transition; one-third of 2024 awards accelerate upon expiry subject to covenants.
Company conducting comprehensive search for successor, considering internal and external candidates.

item 5.02 item 9.01

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Departed

George A. Villasana

Senior Vice President, Chief Legal Officer and Secretary

ABG · ASBURY AUTOMOTIVE GROUP INC

Effective: 2024-06-30
Filed: April 19, 2024, 7:59 PM ET

George A. Villasana, the Company’s Senior Vice President, Chief Legal Officer and Secretary will retire from those positions effective June 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

George A. Villasana departed as Senior Vice President, Chief Legal Officer and Secretary at ASBURY AUTOMOTIVE GROUP INC.

Action: retire
Role: Senior Vice President, Chief Legal Officer and Secretary

Exact text from the filing

George A. Villasana, the Company’s Senior Vice President, Chief Legal Officer and Secretary will retire from those positions effective June 30, 2024.

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ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-24-000106

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