Kenneth B. Gilman served as the President and CEO of Asbury Automotive Group from 2002 until his retirement in 2007. With a background in the automotive industry, he brought his expertise to the company during a time of significant growth....
Kenneth B. Gilman served as the President and CEO of Asbury Automotive Group from 2002 until his retirement in 2007. With a background in the automotive industry, he brought his expertise to the company during a time of significant growth. Under his leadership, Asbury focused on enhancing revenue from both new and used car sales, as well as finance and insurance offerings. Interestingly, in 2006, despite a base salary of $776,250, he didn't receive a bonus due to his retirement in 2007. Before his retirement, he was awarded 5,000 shares of restricted stock to secure his financial future as he approached the end of his career at Asbury. Gilman's leadership style included a performance-based approach to executive compensation, motivating those under him to aim for higher profits. His career is a textbook case of how to align executive goals with company performance, which is critical in any business.