Asbury selects women's clothing exec as new CEO

Asbury Automotive Group, Inc., ranked fourth on the Ward's Megadealer 100 list, names Kenneth B. Gilman as president and CEO. He succeeds the late Brian Kendrick.

Gilman, 55, joins Asbury Automotive from The Limited, a women's clothing retailer, where he spent 25 years in executive positions.

Gilman was CEO of Lane Bryant when The Limited decided to sell that $1 billion women's plus-size business. There, Gilman managed the business and prepared it for sale, which was done in August 2001.

“We have known and respected him for some time and have been impressed with his specialty retail operating experience which is directly applicable to the large scale automotive retailing business,” Timothy C. Collins, an Asbury board member, says of Gilman, a CPA.