O’Reilly Automotive, Inc. Appoints Greg Henslee and Dana Perlman to Its Board of Directors
November 13 2017 - 4:30PM
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”)
(Nasdaq:ORLY), a leading retailer in the automotive aftermarket
industry, today announced the addition of Greg L. Henslee and Dana
Perlman to its Board of Directors (the “Board”), bringing the total
number of Board members to 11, with six members designated as
independent directors under the Nasdaq Stock Market rules.
Mr. Henslee, age 56, has served as the Company’s
Chief Executive Officer since 2005 and has been an O’Reilly Team
Member for 32 years. Mr. Henslee’s O’Reilly career began as a Parts
Specialist and progressed through the roles of Assistant Store
Manager, District Manager, Computer Operations Manager, Director of
Computer Operations and Loss Prevention, Vice President of Store
Operations, Senior Vice President, President of Merchandise,
Distribution, Information Systems and Loss Prevention, Chief
Executive Officer and Co-President, and Chief Executive Officer and
President. As announced on February 7, 2017, in conjunction with
the promotions of Greg D. Johnson and Jeff M. Shaw to the positions
of Co-Presidents of the Company, Mr. Henslee stepped out of the
President role but continues in the position of Chief Executive
Officer. Mr. Henslee was appointed to the Board because, among his
other qualifications, he possesses over 35 years of experience in
the automotive aftermarket industry and 32 years of experience and
expertise in the Company’s operations, strategic planning and
leadership development, as well as holds leadership positions on
various automotive aftermarket industry organizations and
associations.
Ms. Perlman, age 37, has served as Senior Vice
President, Treasurer, Business Development and Investor Relations
of PVH Corp. (NYSE:PVH) (“PVH”) since 2011, where she oversees the
management of accounts receivable, treasury services and capital
markets, corporate communications, investor relations and crisis
communications. Ms. Perlman also is responsible for business
development at PVH, where she assists in corporate strategy,
acquisitions and strategic projects. Prior to joining PVH, Ms.
Perlman served as Director of Retail Investment Banking at Barclays
Capital. Prior to her role at Barclays Capital, Ms. Perlman held
positions with Lehman Brothers and Credit Suisse First Boston. Ms.
Perlman earned a Bachelor’s Degree in Business Administration from
The University of Michigan Ross School of Business. Ms. Perlman was
appointed to the Board because, among her other qualifications, she
possesses over 15 years of experience and expertise in the global
retail industry and the areas of finance, investment banking,
business development, acquisitions, risk management and investor
communications.
David O’Reilly, Chairman of the Board for the
Company, stated, “The expansion of the Company’s Board, and Mr.
Henslee’s and Ms. Perlman’s appointments, are part of the Company’s
long-term Board and executive management succession plans. The
Company expects two of its existing Board members, Charles H.
O’Reilly Jr. and Paul R. Lederer, to retire from the Board in May
of 2018, the end of their current terms, consistent with the
Board’s mandatory retirement age policy. Greg Johnson and Jeff
Shaw, have done a fantastic job since moving into their
Co-President roles earlier this year, which has allowed Mr. Henslee
to focus more on the Company's strategic direction and leadership
development in addition to his operational focus. As O’Reilly’s
CEO, Greg Henslee has led the Company to over 10 years of
industry-leading growth. Mr. Henslee is very well respected, both
internally and outside of our Company, he understands the key to
O’Reilly’s long-term success has been a relentless focus on
consistent, excellent customer service and his extensive automotive
aftermarket knowledge and experience will be tremendous assets to
the Company’s Board.”
Mr. O’Reilly continued, “We are very excited to
have Dana Perlman join O’Reilly’s Board of Directors. Ms. Perlman
brings extensive global retail, investment banking and business
development experience to the Company. The composition of
O’Reilly’s Board continues to evolve, and Ms. Perlman’s experience,
expertise and skill set are welcome additions as we enhance our
Board and align it to provide the governance and oversight
necessary to position the Company for continued, long-term
profitable growth.”
About O’Reilly Automotive,
Inc.O’Reilly Automotive, Inc. was founded in 1957 by the
O’Reilly family and is one of the largest specialty retailers of
automotive aftermarket parts, tools, supplies, equipment and
accessories in the United States, serving both the do-it-yourself
and professional service provider markets. Visit the Company’s
website at www.oreillyauto.com for additional information
about O’Reilly, including access to online shopping and current
promotions, store locations, hours and services, employment
opportunities and other programs. As of October 20, 2017, the
Company operated 5,000 stores in 47 states.
For further
information contact: |
Investor &
Media Contact |
|
Mark Merz (417)
829-5878 |
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