Pep Boys Appoints Robert H. Hotz Chairman of the Board
September 14 2011 - 4:30PM
Business Wire
The Pep Boys — Manny, Moe & Jack (NYSE: “PBY”), the
nation’s leading automotive aftermarket service and retail chain,
today announced that independent Director Robert H. Hotz was
appointed Chairman of the Board of Directors.
Mr. Hotz, who has been a Pep Boys board member since 2005 and
serves on its Compensation and Audit Committees, is Senior Managing
Director, Co-Head of Investment Banking, a member of the Operating
Committee and Co-Chairman of the investment banking firm Houlihan
Lokey Howard & Zukin, Inc. In addition, Mr. Hotz serves as a
director of Universal Health Services, Inc.
Mr. Hotz succeeds Max L. Lukens, who resigned his Director and
Chairman of the Board positions for personal reasons.
“On behalf of Pep Boys, the Board would like to thank Max for
his service over the past two years and we wish him well,” said Mr.
Hotz. President & Chief Executive Officer Michael R. Odell
added, "I would like to thank Max for his counsel over the past two
years, and look forward to working closely with Bob in his new role
as Chairman.”
Since 1921, Pep Boys has been the nation’s leading automotive
aftermarket chain. With more than 7,000 service bays in more than
700 locations in 35 states and Puerto Rico, Pep Boys offers
name-brand tires; automotive maintenance and repair; parts and
expert advice for the Do-It-Yourselfer; commercial auto parts
delivery; and fleet maintenance and repair. Customers can find the
nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by
visiting http://www.pepboys.com.
Certain statements contained herein constitute “forward-looking
statements” within the meaning of The Private Securities Litigation
Reform Act of 1995. The word “guidance,” “expect,” “anticipate,”
“estimates,” “forecasts” and similar expressions are intended to
identify such forward-looking statements. Forward-looking
statements include management’s expectations regarding
implementation of its long-term strategic plan, future financial
performance, automotive aftermarket trends, levels of competition,
business development activities, future capital expenditures,
financing sources and availability and the effects of regulation
and litigation. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its
expectations will be achieved. The Company’s actual results may
differ materially from the results discussed in the forward-looking
statements due to factors beyond the control of the Company,
including the strength of the national and regional economies,
retail and commercial consumers’ ability to spend, the health of
the various sectors of the automotive aftermarket, the weather in
geographical regions with a high concentration of the Company’s
stores, competitive pricing, the location and number of
competitors’ stores, product and labor costs and the additional
factors described in the Company’s filings with the SEC. The
Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events.
Prospect Capital Corpora... (NYSE:PBY)
Historical Stock Chart
From May 2024 to Jun 2024
Prospect Capital Corpora... (NYSE:PBY)
Historical Stock Chart
From Jun 2023 to Jun 2024