Asbury Automotive Inc. said Tuesday that Keith Style will become the company’s CFO, effective Jan. 1.
Style, 40, now Asbury’s vice president of finance, will replace CFO Scott Krenz, who is retiring.
Style joined Asbury in October 2003. He has been vice president of finance since November 2008. Previously, Style was Asbury’s vice president of investor relations, its director of budgeting & forecasting and assistant controller.
Krenz joined the company as CFO in June 2011. Prior to joining Asbury, he was CFO of Heidrick & Struggles, a leadership advisory firm.
Asbury ranks No. 7 on the Automotive News list of the top 125 U.S. dealership groups with retail sales of 77,712 new vehicles in 2012. Asbury operates 79 retail stores across the United States.
In October, Asbury posted a 10 percent increase in its third-quarter net income on a 17 percent rise in revenue, as used-car operations drove revenue and profits.