Group 1 Automotive appoints Benjamin Hart to board effective Nov. 1

  • Group 1 Automotive appointed Benjamin Hart to its Board of Directors.
  • November 1, 2026 is the effective date, expanding the board from ten to eleven directors.
  • Conifer’s agreement with Group 1 includes standstill, voting, confidentiality and other provisions.

Group 1 Automotive said Benjamin Hart will join its Board of Directors effective November 1, 2026, expanding the board from ten to eleven directors. Hart is a member of the investment team for the Acacia funds managed by Conifer Management L.L.C., one of Group 1’s largest shareholders. His appointment follows a stockholder agreement containing customary standstill, voting, confidentiality, mutual non-disparagement and other provisions. Group 1 said it will file the agreement with the SEC (U.S. securities regulator) as an exhibit to a Current Report on Form 8-K. Hart has nearly two decades of investment experience and serves on the board of CelLBxHealth, a UK-based cancer diagnostics company. Group 1 operates 249 dealerships, 310 franchises and 32 collision centers in the United States and the United Kingdom, representing 37 automobile brands. The company also included forward-looking statements covering a proposed offering, intended use of proceeds and the pending Hennessy Acquisition, while warning that economic, trade, regulatory, financing, geopolitical, acquisition, liquidity and cybersecurity risks could cause actual results to differ materially from projected results.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.