Asbury Automotive Group, Inc. filed an 8-K on August 25, 2026, disclosing that its Senior Vice President and Chief Human Resources Officer, Jed Milstein, ended his employment with the company effective August 19, 2026, and that an interim replacement began the following day.

Key Highlights

  • Employment ended: Jed Milstein's employment relationship with Asbury Automotive Group concluded on August 19, 2026.
  • Interim appointment: Wendy Reynolds-Dobbs, previously Vice President, Talent Development and Chief Culture Officer, began serving as interim Chief Human Resources Officer effective August 20, 2026.
  • Severance framework: Any severance pay for Mr. Milstein would be governed by a severance pay agreement dated February 21, 2017, treated as a termination without cause.
  • Committee discretion: Final severance determination is also subject to the discretion of the company's Compensation and Human Resources Committee of the Board of Directors.
  • Ticker and exchange: Common stock trades on NYSE:ABG with a par value of $0.01 per share.

Leadership Transition in Asbury Automotive's Human Resources Function

According to the filing, Asbury Automotive Group (NYSE:ABG) and Jed Milstein, who held the title of Senior Vice President and Chief Human Resources Officer, mutually ended their employment relationship on August 19, 2026. The company did not provide further detail in the filing regarding the circumstances surrounding the departure beyond characterizing any resulting severance as a termination without cause.

The filing disclosed that Wendy Reynolds-Dobbs stepped into the interim Chief Human Resources Officer role effective August 20, 2026. Reynolds-Dobbs previously served the company as Vice President, Talent Development and Chief Culture Officer. The filing does not indicate a timeline for a permanent appointment or whether an external search is planned.

Regarding severance, the filing stated that any payment to which Mr. Milstein may be entitled would be made "in accordance with the terms of that certain severance pay agreement between Mr. Milstein and the Company dated February 21, 2017, as a termination without cause, and as may be further determined subject to the discretion of the Company's Compensation and Human Resources Committee of the Board of Directors." No specific severance amounts were disclosed in the filing. The report was signed by Dean A. Calloway, Senior Vice President, General Counsel and Secretary, on August 25, 2026.

What Was Disclosed

The 8-K disclosed the departure of Asbury Automotive's Chief Human Resources Officer effective August 19, 2026, the appointment of an interim successor the following day, and the governing severance framework, without specifying a dollar amount.