Charles R. Oglesby, born in 1952, is a veteran leader in the automotive industry. He’s held various positions in Asbury Automotive Group since 2006, climbing the ranks to become CEO in 2010. With a degree in automotive expertise and a...
Charles R. Oglesby, born in 1952, is a veteran leader in the automotive industry. He’s held various positions in Asbury Automotive Group since 2006, climbing the ranks to become CEO in 2010. With a degree in automotive expertise and a hands-on approach, Oglesby has navigated the company through ups and downs in a tough market. His compensation reflects a results-driven strategy, with notable bonuses tied to performance metrics like EBITDA and annual automotive sales. For instance, in 2017, he received a total of $3.375 million, mainly from his performance bonuses. Interestingly, through his tenure, he has seen the stock shift greatly, with significant vesting in previous years but little to no stock compensation in more recent determinations. Oglesby also demonstrated commitment during economic downturns; he took a voluntary 10% pay cut in 2009 as a response to challenges in the automotive retail sector. Beyond the numbers, his leadership style and strategic vision have been pivotal in steering Asbury Automotive Group into new territories and maintaining operational stability. His background and experience truly reflect the ups and downs of the industry, making him an interesting figure to watch.