Advance Auto Parts Announces Departure of Chief Accounting Officer to Assume the Role of Chief Financial Officer at a Public ...
March 24 2021 - 4:15PM
Business Wire
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive
aftermarket parts provider, today announced Andrew Page, senior
vice president, controller and chief accounting officer (CAO), is
leaving Advance to pursue his career goal of being a chief
financial officer, effective April 9, 2021.
"I want to thank Andrew for his leadership and contributions to
Advance over the past two years,” said Tom Greco, president and
chief executive officer of Advance Auto Parts. “Andrew has improved
capabilities within our accounting function, built a talented team
and led several important initiatives that will positively impact
the company for years to come. In addition, Andrew has made
meaningful contributions helping to further our diversity and
inclusion agenda, which is critical to the long term success of
Advance. Champion Inclusion is one of our core cultural beliefs and
will continue to be a source of competitive advantage for Advance.
In that spirit, we wish Andrew the very best as he takes on his new
role.”
Advance has commenced a formal search for a new CAO. In the
interim, Jeff Shepherd, chief financial officer of Advance, will
assume the CAO responsibilities.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket
parts provider that serves both professional installer and
do-it-yourself customers. As of January 2, 2021, Advance operated
4,806 stores and 170 Worldpac branches in the United States,
Canada, Puerto Rico and the U.S. Virgin Islands. The Company also
serves 1,277 independently owned Carquest branded stores across
these locations in addition to Mexico, Grand Cayman, the Bahamas,
Turks and Caicos and British Virgin Islands. Additional information
about Advance, including employment opportunities, customer
services, and online shopping for parts, accessories and other
offerings can be found at www.AdvanceAutoParts.com.
Forward-Looking Statements
Certain statements herein are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are usually identifiable by
words such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “forecast,” "guidance," “intend,” “likely,” “may,”
“plan,” “position,” “possible,” “potential,” “probable,” “project,”
“should,” “strategy,” “will,” or similar language. All statements
other than statements of historical fact are forward-looking
statements, including, but not limited to, statements about the
Company's strategic initiatives, operational plans and objectives,
store expansions and future business and financial performance, as
well as statements regarding underlying assumptions related
thereto. Forward-looking statements reflect the Company's views
based on historical results, current information and assumptions
related to future developments. Except as may be required by law,
the Company undertakes no obligation to update any forward-looking
statements made herein. Forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from those projected or implied by the
forward-looking statements. They include, among others, factors
related to the timing and implementation of strategic initiatives,
the highly competitive nature of the Company's industry, demand for
the Company's products and services, complexities in its inventory
and supply chain, challenges with transforming and growing its
business and factors related to the current global pandemic. Please
refer to “Item 1A. Risk Factors.” of the Company's most recent
Annual Report on Form 10-K for a description of these and other
risks and uncertainties that could cause actual results to differ
materially from those projected or implied by the forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210324005921/en/
Investor Relations Contact: Elisabeth Eisleben T: (919)
227-5466 E: invrelations@advanceautoparts.com
Media Contact: Darryl Carr T: (984) 389-7207 E:
darryl.carr@advance-auto.com
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