Group 1 Automotive accelerates after CEO change

Group 1 Automotive

24/08/2022 14:28

** Shares of Group 1 Automotive Inc  GPI.N  up ~5.7% to
$197.25 premarket
    ** Dealer of new and used car, truck says Earl Hesterberg
will retire as CEO on Dec. 31; will be replaced by Daryl
Kenningham, currently president of U.S. operations  urn:newsml:reuters.com:*:nPn6pVJnZa
    ** Hesterberg joined GPI in 2005 after a 30-year career with
several automotive manufacturers including Ford Motor Co  F.N ,
Nissan Motor Co Ltd  7201.T 
    ** YTD, GPI down 4.43%

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))