Roger Penske
Chairman & Chief Executive Officer
Executive
27 yr
6 reports
Penske Automotive Group, Inc. ·PAG
Founder-CEO oversees divisions directly with no COO layer
Retailing · Fortune #141 · Divisional structure · 29K employees · Bloomfield Hills, MI
View as of:
6
CEO span
↓ tighter than peers (avg 8)
6
Avg span
wide
2
Max depth
2 levels
11 yr
Avg tenure
↑ 2.0yr from FY2024
67%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$31.8B
Operating income
$1.3B
Net income
$935M
Total assets
$17.6B
Shares out
66M
Sourced from Penske Automotive Group, Inc. DEF 14A · filed 2026-03-20 ↗ View on SEC
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Penske Automotive Group, Inc. organizational chart
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Founder-led structure where CEO Roger Penske directly oversees all major divisions without a COO. This page details the executive team, divisional setup, governance context, and peer comparison for Penske Automotive Group.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Penske Motor Group changed role as Retail Automotive Division
Acquisition and consolidation of Penske Motor Group completed 2025-11-19.
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to consolidate divisional oversight and reduce CEO span of control.
- President Succession Scenario Remove the President role to evaluate succession planning and redistribute responsibilities.
Atlas work this supports
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The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Robert Kurnick, Jr.
President
Executive
19 yr
0 reports
internal
Shelley Hulgrave
Executive Vice President & Chief Financial Officer
Finance
4 yr
0 reports
internal
Bud Denker
Executive Vice President, Human Resources
Human Resources
6 yr
0 reports
internal
Shane Spradlin
Executive Vice President, General Counsel & Secretary
Legal
7 yr
0 reports
Greg Penske
Vice Chair & CEO, Penske Motor Group
Retail Automotive
5 yr
0 reports
Yosuke Kawakami
Executive Vice President, Strategic Relationship Management
Strategy
1 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Roger Penske $8.8M
- Base salary
- $1.75M
- Bonus
- $6.00M
- Stock awards
- $1.02M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
Stock ownership guidelines apply to executives and directors; exact multiples not specified in excerpt.
| Holder | Shares | % of class |
|---|---|---|
| Roger Penske | 34.36M | 52.3% |
The businesses
How Penske Automotive Group, Inc. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Retail Automotive
20K employees
Vice Chair & CEO, Penske Motor Group (Greg Penske)
Global franchised automotive dealership operations across the U.S., U.K., and Europe.
$27.5B rev FY2025
Retail Commercial Truck
6K employees
President (Robert Kurnick, Jr.)
Premier Truck Group heavy- and medium-duty truck dealerships in North America.
$3.4B rev FY2025
Penske Australia
3K employees
President (Robert Kurnick, Jr.)
Commercial vehicle distribution and power systems operations in Australia and New Zealand.
$923M rev FY2025
The thesis
Why this org is unusual
Founder-CEO Roger Penske directly oversees all major divisions without an intervening COO layer.
The CEO has six direct reports spanning operations, finance, legal, HR, and divisional leadership, reflecting a tightly held, owner-led structure.
The absence of a chief operating officer is notable for a global automotive retailer of this scale. Instead, divisional CEOs and EVPs retain direct access to the CEO, reinforcing centralized control and rapid decision-making.
This structure aligns with Penske Automotive Group’s controlled-company status and significant ownership by Penske Corporation, prioritizing continuity and founder oversight over managerial layering.
- No COO role despite global scale
- Founder remains CEO and Chair
- High insider ownership concentration
The comparison
How Penske Automotive Group, Inc. stacks up
Compared with peers such as AutoNation and Lithia Motors, Penske Automotive Group operates with a leaner top structure and fewer executive layers. Many peers employ a COO or regional presidents to manage scale. Penske’s model more closely resembles founder-led holding companies, emphasizing long-tenured executives and …
C-suite size
Reporting depth
Penske Automotive Group, Inc.
2 levels
4 levels
5 levels
4 levels
Asbury Automotive Group
4 levels
Avg C-suite tenure
Penske Automotive Group, Inc.
11 yr
6 yr
5 yr
Asbury Automotive Group
6 yr
Has COO / Has CAIO
Penske Automotive Group, Inc. — no COO — no CAIO
Asbury Automotive Group ✓ COO — no CAIO
Current signals
What changed recently
The most significant recent change was the 2025 acquisition and consolidation of Penske Motor Group under Greg Penske.
- reorgPenske Motor Group Retail Automotive Division
Acquisition and consolidation of Penske Motor Group completed 2025-11-19.
Source - Date not confirmed newYosuke Kawakami Executive Vice President, Strategic Relationship Management
Appointed to executive role in 2025-06 to strengthen Mitsui and global partner relationships.
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-20
- CEO
- Roger Penske
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 10 yr
Leadership remained stable with long-tenured executives.
Named executive officers (5)
- Roger Penske - Chief Executive Officer since 1999
- Robert Kurnick, Jr. - President since 2006
- Shelley Hulgrave - EVP & CFO since 2021
- Bud Denker - EVP Human Resources since 2019
- Shane Spradlin - EVP, General Counsel & Secretary since 2018
FY2024
DEF 14A filed 2025-03-20
- CEO
- Roger Penske
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 9 yr
No material executive turnover.
Named executive officers (5)
- Roger Penske - Chief Executive Officer since 1999
- Robert Kurnick, Jr. - President since 2006
- Shelley Hulgrave - EVP & CFO since 2021
- Bud Denker - EVP Human Resources since 2019
- Shane Spradlin - EVP, General Counsel & Secretary since 2018
FY2023
DEF 14A filed 2024-03-20
- CEO
- Roger Penske
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 8 yr
Consistent founder-led governance.
Named executive officers (5)
- Roger Penske - Chief Executive Officer since 1999
- Robert Kurnick, Jr. - President since 2006
- Shelley Hulgrave - EVP & CFO since 2021
- Bud Denker - EVP Human Resources since 2019
- Shane Spradlin - EVP, General Counsel & Secretary since 2018
Year-over-year changes
Addition of a strategic EVP modestly expanded the CEO’s span while maintaining a flat structure.
- CEO span: 5 → 6
- C-suite size: 5 → 6
- Avg tenure: 9 → 10 yr
- new Yosuke Kawakami - EVP Strategic Relationship Management (DEF 14A, 2026-03-20)
The board
Board of directors
2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.
Roger Penske
Chair Inside
Chairman & CEO, Penske Automotive Group
H. Brian Thompson
Lead Indep. Independent
Chairman & CEO, Universal Telecommunications, Inc.
The board, organized
Board committees
1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent
- H. Brian Thompson Chair
Frequently Asked Questions
Who is the CEO of Penske Automotive Group?
Roger Penske has served as Chairman and CEO since 1999.
What type of organizational structure does Penske Automotive Group use?
The company uses a divisional structure organized around major operating segments.
How many direct reports does Penske Automotive Group's CEO have?
The CEO has six direct executive reports.
How has Penske Automotive Group's leadership changed recently?
Recent changes include the 2025 acquisition of Penske Motor Group and the appointment of an EVP for strategic relationships.
Does Penske Automotive Group have a COO?
No, the company operates without a COO, with divisional leaders reporting directly to the CEO.
Sources
- 8-K / 10-K Filing, Nov 2025
- DEF 14A Filing, Mar 2026
- SEC EDGAR: Penske Automotive Group, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Penske Automotive Group, Inc. 10-K Annual Report
Reference
Cite this page
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APA 7th
Creately. (2026). Penske Automotive Group, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/penske-automotive-group/MLA 9th
"Penske Automotive Group, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/penske-automotive-group/. Accessed .Chicago 17
Creately. "Penske Automotive Group, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/penske-automotive-group/.Original SEC source View on SEC ↗
Penske Automotive Group, Inc.. DEF 14A. Filed 2026-03-20. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1019849/000114036126010576/ny20061294x1_def14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/penske-automotive-group/ · last updated 2026-04-01