Asbury Automotive (NYSE: ABG) plans 2026 CEO handoff after 273% stock gain

Asbury names next CEO

Asbury Automotive Group will have a new CEO this spring. Announcing its leadership succession plan, the dealership group said Monday that longtime president and chief executive David Hult will transition to the role of executive chairman, with current chief operating officer Dan Clara becoming president and CEO. This move will become effective after Asbury’s 2026 annual stockholders meeting, which is expected to happen in May. In conjunction wit…

Asbury CEO David Hult to shift to executive chairman in 2026

On the Dash: Asbury CEO David Hult will become Executive Chairman; COO Dan Clara will take over as CEO in May 2026. Hult’s tenure produced a 273% increase in the stock price and substantial earnings growth. Clara brings 23 years of experience, leading operational strategy and key acquisitions. Asbury Automotive Group announced Monday that President and CEO David Hult will transition to the role of executive chairman following the company’s 2026…

Asbury Automotive (NYSE: ABG) plans 2026 CEO handoff after 273% stock gain

Outgoing CEO David Hult will move to Executive Chairman as COO Dan Clara becomes CEO and director, with Bridget Ryan-Berman to serve as Lead Independent Director.