Hesterberg came to Group 1 in April 2005 from a career at automakers, including Ford Motor Co. and Nissan Motor Co.
Kenningham joined Group 1 in 2011, initially holding the role of regional vice president before taking on additional roles.
Kenningham said in the company’s statement: “I thank Earl for his outstanding leadership and the board for their confidence, guidance and support. We have an outstanding team at Group 1, and I am energized to work alongside them to chart our path forward for the benefit of our employees, customers, communities and stakeholders during this exciting and dynamic time in our industry.”
Group 1 shares were unchanged in premarket trading.
Group 1 ranks No. 4 on the Automotive News list of the top 150 U.S. dealership groups with 2021 new-vehicle retail sales of 146,072 units.
This story will be updated.
