DULUTH, Ga. -

As Asbury Automotive Group senior vice president and chief financial officer Scott Krenz readies for retirement from the position of CFO on Dec. 31, the company this week announced his successor.

Named to the role of CFO effective Jan. 1 is current vice president of finance Keith Style.

“We thank Scott for his valuable service to Asbury,” said Craig Monaghan, Asbury president and chief executive officer. “He has been instrumental in Asbury's delivery of significant value to our shareholders during his tenure, and we are pleased that he has agreed to remain with the company for a transitional period.”

In commenting on his retirement, Krenz said, “I want to thank Craig and the Board for the opportunity to work with a great team. As I retire to pursue some long-delayed personal goals, I am confident the company has the right team in place to drive its continued success.”

Style joined the company in October 2003 and has held several positions during his time with Asbury. He has served as vice president of finance since November 2008, during which time he has overseen the company's operational financial functions, management reporting and process improvement initiatives.

Prior to holding that position, Style served as the company's vice president of investor relations, director of budgeting & forecasting, and assistant controller. 

“We are excited for Keith to transition into this new role with Asbury,” Monaghan said. “He is an industry veteran with tremendous breadth and depth of knowledge of Asbury, and I look forward to his continued contributions as a member of our senior management team.”

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