Group 1 Automotive (NYSE: GPI) taps CFO Daniel McHenry to lead UK business
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Group 1 Automotive, Inc. has appointed Daniel McHenry as President and Chief Executive Officer of its UK business, effective May 19, 2026, subject to formal regulatory approval. He will continue to serve as the Company’s Chief Financial Officer and will report to President and CEO Daryl Kenningham.
McHenry succeeds Mark Raban, who is leaving the Company after two years leading the UK business. McHenry previously spent 13 years in Group 1’s UK operations and served as UK Finance Director before becoming CFO in 2020, giving him extensive experience with the region.
Group 1 operates 253 automotive dealerships, 313 franchises, and 32 collision centers in the United States and the United Kingdom, offering 36 brands of automobiles through its physical locations and omni-channel platform.
Positive
- None.
Negative
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Appointment effective date: May 19, 2026
Dealerships operated: 253 dealerships
Franchises operated: 313 franchises
+2 more
5 metrics
Appointment effective date
May 19, 2026
Effective date of Daniel McHenry’s UK President and CEO role
Dealerships operated
253 dealerships
Owned and operated in the U.S. and UK
Franchises operated
313 franchises
Automotive franchises in the U.S. and UK
Collision centers
32 collision centers
Collision centers owned and operated by Group 1
Automotive brands offered
36 brands
Number of automobile brands sold across operations
Key Terms
omni-channel platform, service contracts, succession planning, collision centers, +1 more
5 terms
omni-channel platform technical
"Through its dealerships and omni-channel platform, the Company sells new and used cars"
An omni-channel platform is a system that lets a company sell, serve and communicate with customers through many connected channels—such as physical stores, websites, mobile apps, social media and call centers—so the experience feels seamless no matter how a customer interacts. Investors care because it can boost sales, lower marketing waste and create reliable customer data, much like a single highway connecting multiple storefronts increases traffic and makes performance easier to measure and grow.
service contracts financial
"arranges related vehicle financing; sells service contracts; provides automotive maintenance"
succession planning financial
"This appointment gives Daniel valuable operational experience, a reflection of our commitment to talent development and succession planning."
A company’s plan for identifying and preparing people to take over key roles when leaders leave, retire, or are unable to work. Like a sports team’s bench and playbook, it ensures someone ready can step in quickly so operations, strategy and investor confidence aren’t disrupted; investors watch it because solid succession planning reduces the risk of sudden leadership gaps that can hurt performance and stock value.
collision centers technical
"Group 1 owns and operates 253 automotive dealerships, 313 franchises, and 32 collision centers"
regulatory approval regulatory
"appointment of Daniel McHenry as President and CEO of its UK business, effective May 19, 2026.* subject to formal regulatory approval"
Regulatory approval is the official permission given by government agencies or authorities that allows a product, service, or business activity to be legally operated or sold. It is important to investors because receiving approval often indicates that a product has been reviewed for safety and compliance, which can influence its success and the company’s prospects in the market. Without this approval, launching or selling certain products may be restricted or prohibited.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 19, 2026
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (713 ) 647-5700
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Ticker symbol(s) | Name of exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨
Item 8.01 Other Events.
On May 19, 2026, Group 1 Automotive, Inc. (the “Company”), announced the appointment of Daniel McHenry as President and Chief Executive Officer of Group 1 Automotive U.K. Daniel McHenry replaces Mark Raban, who is leaving the Company after two years as the Chief Executive Officer of Group 1 Automotive U.K.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||||||||
99.1 | Press release of Group 1 Automotive, Inc., dated as of May 19, 2026. | |||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Group 1 Automotive, Inc. | |||||||||||||||||||||||
| Date: | May 21, 2026 | By: | /s/ Gillian A. Hobson | ||||||||||||||||||||
| Name: Gillian A. Hobson | |||||||||||||||||||||||
| Title: Senior Vice President | |||||||||||||||||||||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
Group 1 Automotive Appoints Daniel McHenry as President and CEO, UK
HOUSTON, TX, May 19, 2026 — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”) today announced the appointment of Daniel McHenry as President and CEO of its UK business, effective May 19, 2026.* Prior to becoming CFO for Group 1, Daniel spent 13 years in Group 1’s UK Operations. He will lead the UK business while continuing in his CFO role, reporting to Daryl Kenningham, Group 1’s President and CEO. McHenry replaces Mark Raban, who is leaving the Company after two years as the head of the UK business.
“Daniel is an exceptional talent, and his proven leadership and experience make him the right leader for our UK business. We believe he will have a very positive impact.” said Mr. Kenningham. “This appointment gives Daniel valuable operational experience, a reflection of our commitment to talent development and succession planning.”
“I am proud to take on this role,” said McHenry, “and look forward to building on what Group 1 has already achieved in the UK. Our US and UK businesses have distinct strengths and drawing on those strengths and the broader resources of Group 1 presents a tremendous opportunity for our team and our shareholders.”
A native of Belfast, Northern Ireland, McHenry holds a Bachelor’s degree in Economics from Queen’s University Belfast and a Master’s degree in Accounting and Management Science from the University of Southampton. Prior to his 2020 appointment as CFO, he served as UK Finance Director for Group 1.
Mr. Kenningham concluded, “I would also like to thank Mark for his contributions to our UK business and wish him nothing but the best in the future.”
*subject to formal regulatory approval
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 253 automotive dealerships, 313 franchises, and 32 collision centers in the United States and the United Kingdom that offer 36 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.
SOURCE: Group 1 Automotive, Inc.
1
Investor contacts:
ir@group1auto.com
Media contacts:
Pete DeLongchamps
Senior Vice President, Financial Services and Manufacturer Relations
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
Kimberly Barta
Head of Marketing, Brand and Communications
Group 1 Automotive, Inc.
kbarta@group1auto.com
or
Jude Gorman / Clayton Erwin
Collected Strategies
Group1-CS@collectedstrategies.com
2
FAQ
What leadership change did Group 1 Automotive (GPI) announce in the UK?
Group 1 Automotive appointed Daniel McHenry as President and CEO of its UK business, effective May 19, 2026, subject to regulatory approval. He replaces Mark Raban, who is leaving after two years leading the UK operations.
Will Daniel McHenry remain CFO of Group 1 Automotive (GPI)?
Yes. Daniel McHenry will lead Group 1’s UK business while continuing in his role as Chief Financial Officer. He will report to Daryl Kenningham, the Company’s President and CEO, combining operational and financial responsibilities.
What experience does Daniel McHenry have within Group 1 Automotive (GPI)?
Daniel McHenry spent 13 years in Group 1’s UK operations and served as UK Finance Director before becoming CFO in 2020. His long UK-focused tenure provides detailed familiarity with the region’s dealerships and financial performance.
How large is Group 1 Automotive’s (GPI) dealership network?
Group 1 owns and operates 253 automotive dealerships, 313 franchises, and 32 collision centers in the U.S. and UK. These locations offer 36 brands of automobiles, plus financing, service contracts, maintenance, repairs, and parts.
What services does Group 1 Automotive (GPI) provide beyond vehicle sales?
Group 1 sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts through its dealerships and omni-channel digital platform.
Where can investors find more information about Group 1 Automotive (GPI)?
Additional information is available on Group 1’s websites: www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and its Facebook page www.facebook.com/group1auto, which provide business updates and operational details.