---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-228066"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2022-08-24T23:59:59+00:00"
generated_at: "2026-06-23T21:35:55.082924+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Group 1 Automotive announces CEO transition: Hesterberg to retire Dec 31, 2022; Kenningham to succeed

## Summary
- Earl Hesterberg will retire as CEO and from the Board effective December 31, 2022.
- Daryl Kenningham appointed President & COO effective immediately, and CEO effective January 1, 2023.
- Kenningham's annual base salary set at $1.1 million beginning August 24, 2022.

## SEC filing metadata
- accession: 0001193125-22-228066
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2022-08-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/d382733d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-228066
- JSON: https://secwatch.observer/filing/0001193125-22-228066.json
- Plain text: https://secwatch.observer/filing/0001193125-22-228066.txt

## Key facts
- Executive change
  Daryl Kenningham was appointed as Director at GROUP 1 AUTOMOTIVE INC.
  - Action: appointed
  - Role: Director
  source text: Mr. Kenningham was appointed to the position of President and Chief Operating Officer and as a member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm
- Executive change
  Daryl Kenningham was appointed as President and Chief Operating Officer at GROUP 1 AUTOMOTIVE INC.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: Mr. Kenningham was appointed to the position of President and Chief Operating Officer and as a member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm
- Executive change
  Daryl Kenningham was appointed as Chief Executive Officer at GROUP 1 AUTOMOTIVE INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The Board has appointed Mr. Daryl Kenningham to succeed Mr. Hesterberg in the role of CEO, effective January 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm
- Executive change
  Earl J. Hesterberg retired as Chief Executive Officer at GROUP 1 AUTOMOTIVE INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: would retire from the position of CEO and as a member of the Board effective as of December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm
- Executive change
  Earl J. Hesterberg resigned as President at GROUP 1 AUTOMOTIVE INC.
  - Action: resigned
  - Role: President
  source text: would resign from the position of President immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000119312522228066/0001193125-22-228066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.