ROANOKE, Va., 2015-12-11 — /EPR Retail News/ — Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America serving both professional installer and do-it-yourself customers, today announced that the Company’s Board of Directors has retained Spencer Stuart, a leading global executive search and leadership advisory firm, to assist with the search for the Company’s next Chief Executive Officer (CEO). The search will include internal and external candidates, including President George Sherman who has also been appointed Interim CEO, effective January 3, 2016.
The search process is being overseen by the board’s Nominating and Corporate Governance Committee, which is comprised of Committee Chair Jeff Smith and Lead Independent Director John Ferraro, along with Executive Chairman Jack Brouillard.
“The selection of Advance’s next CEO is our top priority,” said Brouillard. “We are pleased to be working withSpencer Stuart as our highly capable partner for this critically important search.”
“We’re excited by the opportunity to create substantial value at Advance, and selecting a world-class CEO is critical to realizing that opportunity,” said Smith. “Spencer Stuart, in conjunction with the Nominating and Corporate Governance Committee, is working expeditiously to determine the next leader of Advance.”
About Advance Auto Parts
Headquartered in Roanoke, Va., Advance Auto Parts, Inc., a leading automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. As of October 10, 2015, Advance operated 5,240 stores and 118 Worldpac branches and served approximately 1,300 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. Advance employs approximately 75,000 Team Members. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found on the Company’s website at www.AdvanceAutoParts.com.
Source: Advance Auto Parts, Inc.
Advance Auto Parts, Inc.
Laurie Stacy, 540-561-8452
Zaheed Mawani, 919-573-3848