Advance Auto Parts Announces Leadership Changes
September 26 2022 - 07:40AM
Business Wire
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive
aftermarket parts provider, today announced the departure of
Michael C. Creedon, Jr., executive vice president, U.S. stores
effective September 30, 2022. Mr. Creedon will be succeeded by
Herman L. Word, Jr. (“Junior”) who has been promoted to executive
vice president, U.S. stores and Carquest Independents. Mr. Word
joined Advance in February 2003 and has served in his current role
as Division President, Carquest North America, leading our Carquest
Independents since June 2019.
“We are extremely grateful for the numerous contributions Mike
has made in his nine years with Advance,” said Tom Greco, Advance’s
president and chief executive officer. “Under Mike’s leadership, we
have significantly improved overall store operations and built a
much stronger field team and culture. We thank him for his service
and wish Mike and his family nothing but continued success as he
begins his next chapter as a chief operating officer.”
Greco continued, “Over the past several years, we’ve been highly
focused on building a deep bench of talented leaders at Advance and
I am delighted to announce Junior’s well-deserved promotion. Since
joining Advance nearly 20 years ago, Junior has distinguished
himself as an outstanding operator and developer of talent. He has
performed all of the key jobs within Advance’s store operations and
has consistently led our performance in numerous field assignments
over many years. Most recently, he has significantly accelerated
the performance of our Carquest Independents by increasing sales
and adding over one hundred new locations in the past three years.
Under Junior’s leadership of our more than 6,000 corporate and
independently owned stores, we are well positioned to further
execute our strategic objectives.”
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 July 16, 2022 Advance operated
4,724 stores and 312 Worldpac branches primarily within the United
States, with additional locations in Canada, Puerto Rico and the
U.S. Virgin Islands. The company also served 1,329 independently
owned Carquest branded stores across these locations in addition to
Mexico and various Caribbean 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,
expectations for economic conditions and recovery 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, including with respect to
labor shortages or disruptions and the impact on our ability to
complete store openings, deterioration of general macroeconomic
conditions, 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 COVID-19 pandemic. Please refer to "Item 1A. Risk
Factors." of the company's most recent Annual Report on Form 10-K,
as updated by other filings made by the company with the Securities
and Exchange Commission, 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/20220926005250/en/
Investor Relations: Elisabeth Eisleben T: (919) 227-5466
E: invrelations@advanceautoparts.com
Media: Darryl Carr T: (984) 389-7207 E:
darryl.carr@advance-auto.com
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