Group 1 Automotive Appoints Two New VPs

To strengthen the company's strategic initiatives and expand its business portfolio

Group 1 Automotive, a Fortune 500 automotive retailer, has appointed Mark Iuppenlatz as vice president of corporate development and promoted Kim Craig as vice president and treasurer.

Mr. Iuppenlatz will report directly to Group 1's president and chief executive officer, Earl Hesterberg. He has an experience of over 20 years in acquisition and real estate to the organization. In his new role, Mr. Iuppenlatz will be responsible for all automotive and real estate acquisitions along with real estate and construction management services.

Most recently, he has been managing partner of Animas Valley Land & Water, a diversified real estate development and management group.

Mr. Hesterberg said: We believe that the addition of Mark Iuppenlatz and his extensive automotive acquisition and real estate experience will further strengthen our company.

Effective January 1, 2010, Ms. Craig will continue to report to John Rickel, senior vice president and chief financial officer.

Ms. Craig has served as director of treasury for Group 1 since June 2006. Her responsibilities include oversight of Group 1's banking relationships, cash management, interest rate risk mitigation and risk management activities.

Mr. Rickel said: Kim Craig has been instrumental in helping Group 1 successfully manage its financial commitments during a very turbulent time both in the markets and in our industry. Kim's experience and performance record are indicative of the talented management team we have working both at Group 1's corporate office and in the field.