S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Group 1 Automotive Adds Former Ulta CEO Kimbell to Board

David C. Kimbell, the former chief executive of Ulta Beauty, has joined the Board of Directors at Group 1 Automotive. His appointment, effective August 10, 2026, expands the board to ten members and places the veteran retail strategist directly onto the company's Audit Committee.

Group 1 Automotive Adds Former Ulta CEO Kimbell to Board
Photo: Bio & News

Kimbell brings three decades of experience in scaling omnichannel retail operations to the Houston-based automotive retailer. During his tenure at the helm of Ulta Beauty, he oversaw a period of significant expansion that saw annual revenue climb from $6.2 billion to $11.3 billion. His strategy centered on integrating digital platforms with physical storefronts and leveraging loyalty programs to drive customer retention.

Charles Szews, non-executive chair of Group 1, pointed to Kimbell's background in modernizing the shopping experience as a primary asset for the company. Kimbell, who also holds a seat on the board of Best Buy Co., Inc., stated that he intends to apply the same principles of data-driven customer engagement that defined his work in the beauty sector to the shifting landscape of automotive sales. Group 1 currently operates 249 dealerships across the United States and the United Kingdom.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!