Asbury Automotive CEO David Hult to become Executive Chairman; COO Dan Clara named CEO

ASBURY AUTOMOTIVE GROUP INC

Hult transitions to Executive Chairman after May 2026 Annual Meeting; Clara (current COO) becomes President and CEO.
Clara, 45, joined Asbury in 2002, most recently COO since Feb 2025; CEO compensation not yet determined.
Bridget Ryan-Berman to be named Lead Independent Director at 2026 Annual Meeting; Tom Reddin remains on Board.
Hult's base salary as Executive Chairman: $750k (rest of 2026), $525k (2027), $300k (2028+); annual bonus target 100% of salary.

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