Asbury Automotive Group Announces New President & COO for Arkansas-based North Point Dealerships

    STAMFORD, Conn.--Feb. 7, 2002--Asbury Automotive Group, Inc., one of the nation's largest automotive retailers, today announced that Charles R. Oglesby has been named president and COO of its Arkansas-based North Point dealership group.
    North Point operates five auto dealerships in metro Little Rock, Arkansas, and one in Texarkana, Arkansas. Mr. Oglesby will report to both Thomas F. (Mack) McLarty, chairman of the North Point platform, and Kenneth Gilman, president and CEO of Asbury Automotive Group.
    Oglesby is a 30-year veteran of the automotive dealership industry. Prior to joining North Point, he was president of the San Francisco-based First American Automotive, a $1.6 billion 36-dealership group. Oglesby is a native of Georgia and a business graduate of the University of Georgia.
    "We are very pleased that Charles has accepted this position," said Mr. Gilman. "This appointment underscores Asbury's ability to attract dynamic leaders to its dealership management team."
    "We first tried to recruit Charles to our company 20 years ago, so of course we are pleased to now have him lead our operations in Arkansas," McLarty said.
    North Point Automotive operates five North Point branded dealerships, selling Ford, Lincoln, Mercury, Toyota, BMW, Volvo, Nissan, Volkswagen, Chrysler, Dodge and Mazda automobiles.
    Oglesby succeeds current president, Stephen B. Humphries, who is retiring.

    About Asbury Automotive Group

    Asbury Automotive Group, Inc., headquartered in Stamford, Connecticut currently operates 132 franchises at 91 dealership locations. The company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. Asbury franchises include a diverse portfolio of 36 American, European and Asian brands.