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Tuesday, 02 June 2020 19:21

Group 1 Automotive Appoints Daniel McHenry as CFO

Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, announced the appointment of Daniel McHenry as chief financial officer effective Aug. 15.

He will replace long time Group 1 CFO John Rickel, who has elected to retire from the company at the end of this year after almost 15 years of service.


McHenry has served as Group 1's UK finance director since 2007. 


He is a native of Belfast, Northern Ireland, and holds a bachelor's degree in economics from Queens University Belfast and a master's degree in accounting and management science from Southampton University


Additionally, he is a member of the Association of Chartered and Certified Accountants in the UK. 


McHenry joined Group 1 in 2007 as part of the acquisition of Chandlers BMW in southern England, Group 1's first venture in the UK. Prior to entering the auto retail business, McHenry had five years of experience with KPMG in the UK.


"Working with Daniel directly over the past 12 years I have witnessed firsthand his passion for the retail automotive business," said Group 1 CEO Earl Hesterberg. "He has been responsible for the creation of our back-office systems, processes and financial controls, as we have grown our UK operations from three dealerships in 2007 to 50 dealerships today. His familiarity with our company, people and processes makes him the perfect candidate to step into this important role."


Rickel came to Group 1 in December 2005 after a 21-year career at Ford Motor Company. At Ford, Rickel held a variety of key positions, including the roles of CFO of Ford of Europe and CFO of the Americas. 


"John has been a driving force in the growth and development of Group 1," said Group 1 Chairman of the Board Steve Quinn. "His international experience and extensive knowledge of processes and controls have been invaluable to Group 1 over the past decade and a half.


"We could not have asked for a better person to establish the infrastructure and systems for a fast-growing international auto retailer over these years. All of us, especially myself, owe John a great deal of gratitude for his accomplishments at Group 1. He will be sorely missed."


Source: Group 1 Automotive

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