Asbury Automotive Group, the third largest dealership group in the United States, today announced the appointments of Joan F. Krey to Associate General Counsel and Phil Johnson to the newly created position of Vice President of Human Resources. Both will report directly to Brian Kendrick, President and Chief Executive Officer of Asbury Automotive Group.

Ms. Krey, 55, will be responsible for all legal matters regarding consumer protection, marketing, employment and government relations. Ms. Krey has 24 years of business law experience with leading corporations and law practice. From 1985 to 1999, she was Senior Vice President and General Counsel of Saks Fifth Avenue (Saks Holdings, Inc.) a NYSE-listed company with $2.4 billion in sales and 12,000 employees. From 1975 to 1984, Ms. Krey was an attorney in the antitrust, trade regulation and litigation practice of the New York law firm of Weil Gotshal & Manges, where she concentrated on consumer protection, marketing and antitrust regulatory and litigation matters. Ms. Krey received her undergraduate degree from Brown University and her law degree from the University of Pittsburgh School of Law, where she was a member of the Board of Editors of the Law Review. From 1992 to 1999, she served on the Board of Directors of the Better Business Bureau of Metropolitan New York.

Mr. Johnson, 51, will be leading the Company’s effort to develop and attract highly talented professionals in the automotive retailing industry. Mr. Johnson brings more than 20 years of human resources experience in department store retailing and technology companies including Gimbels, Marshall Fields, Saks Fifth Avenue, Macy’s and Entex Information Services. Most recently, he was with Entex information Services as Senior Vice President of Human Resources from 1994 to 1998. Mr. Johnson received a Bachelors degree in Industrial Engineering and an MBA, both from the University of Florida.

Brian E. Kendrick, President and Chief Executive Officer of Asbury Automotive Group, stated, “We are pleased to have expanded our senior management team with the addition of two highly talented executives. Both Joan and Phil bring a wealth of knowledge in their respective fields to our organization, as well as substantial retail industry expertise. In particular, Joan’s tenure at Saks Fifth Avenue, coupled with her vast background in law, makes her an ideal candidate for this position. Similarly, Phil’s 20+ years of human resources experience will be a tremendous asset as we strive to make the Asbury Automotive Group and its platforms a great place to work.”

“We look forward to benefiting from the contributions of these two accomplished professionals as we execute our growth strategies, and we welcome them to Asbury Automotive Group,” Mr. Kendrick concluded.

Asbury Automotive Group is the third largest automotive retailer in the United States with pro forma revenue in excess of $4 billion. The company is comprised of eight regional automotive groups consisting of approximately 90 dealerships representing 120 franchises located in Arkansas, Florida, Georgia, Mississippi, Missouri, North Carolina, Oregon, Virginia, and Texas. In addition, the company co- founded, the fastest growing online car-buying website.

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