J. Gordon Smith is the new CFO of Asbury Automotive Group, Inc, ranked fifth on this year's Ward's Megadealer 100 with $5.4 billion in revenues.
He replaces Thomas F. Gilman, who leaves Asbury, citing the desire to spend more time with his family. Gilman guided the company through its recent initial public offering and a subsequent $250 million subordinated debt offering.
In hiring Smith, Asbury continues its practice of appointing executives with little or no automotive experience.
Smith is the fifth member of the company's executive management team without an automotive background. He arrives with 26 years of financial management experience with GE.