Humphries to Head McLarty-Asbury

by Arkansas Businessstaff  on Monday, Apr. 12, 1999 12:00 am  

First mentioned in "Whispers" (AB, March 29), Stephen B. Humphries has been named president of McLarty-Asbury Automotive, a dealership group made up of 19 franchises.

Humphries, who has served as a financial adviser and co-investor with Thomas F. "Mack" McLarty, chairman of the group, over the past two decades in a range of business ventures, is currently the managing director of the Moore Stephens Frost accounting firm.

Humphries played an integral role in growing the McLarty automotive business into one of Arkansas' leading companies. "Steve is an outstanding businessman with significant experience working with many of the best companies in Arkansas and throughout the country," McLarty says. "Both his knowledge of our organization and his overall abilities make him an ideal choice to manage our companies."

McLarty Automotive Group partnered with Asbury Automotive last year to become the eighth regional dealer group in a $4 billion national network. Asbury named McLarty to their board of directors shortly thereafter. Asbury, the third-largest automotive group in the country, links together some of the top regional dealers in the country into a nationwide entity.

McLarty Automotive, established in 1921, operates North Point Ford Lincoln Mercury, North Point Mazda Volkswagen and Prestige Toyota BMW in North Little Rock; Premier Autoplaza in Little Rock; McLarty Auto Mall in Texarkana; and the original dealership in Hope, Hope Auto Co.

While McLarty spent six years in Washington serving as White House chief of staff, counselor to President Clinton and special envoy to the Americas, Humphries oversaw the finances and operations of the McLarty group, along with managing partners Gerry Riser, Bill Smith, Jack Caldwell and Todd Shores.

- AB Staff

 

 

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