Group 1 Automotive, Inc. promoted Bob Andersen to Vice President, Corporate Development & Pre-Owned Operations on June 11, 2026, to lead its U.S. corporate development initiatives. In this expanded role, Andersen will oversee acquisitions and dispositions while retaining responsibility for the Company's pre-owned business. The move underscores Group 1's strategy to drive disciplined growth through inorganic expansion in existing and new regional markets.

Andersen joined Group 1 in 2023 and previously served as its National Director of Pre-Owned Operations. He brings experience from multiple C-level roles in the franchise and independent sectors, with a track record in revenue and rooftop growth. Daryl Kenningham, Group 1's President and Chief Executive Officer, cited Andersen's leadership and strategic insight as key factors in his appointment.

Strategic Focus on Acquisitions

Group 1's long-term growth strategy relies heavily on acquisitions to scale operations. The company focuses on leveraging the Group 1 brand in existing regional markets and evaluating new markets with meaningful opportunities. Since 2004, Group 1 has grown total revenue from $5.4 billion to $22.6 billion, with acquisitions serving as a significant accelerator in key years.

Andersen will be supported by the Corporate Development, Transactions, and Real Estate team. This group provides expertise in deal strategy, pipeline development, financial diligence, valuation, transaction execution, and real estate coordination. The team-based approach aims to ensure disciplined evaluation of opportunities and effective transaction navigation.

Operational Background

Group 1 Automotive, Inc. operates as an international automotive retailer with dealerships and collision centers in the United States and United Kingdom. Its offerings include new and used vehicle sales, financing, service, parts, and collision repair. The company emphasizes operational excellence and long-term value creation through its retail network.