Advance Auto Parts and Interstate Batteries announce strategic partnership

New battery program offers unrivaled automotive aftermarket product assortment and availability at Advance Auto Parts and Carquest locations

ROANOKE, Va. and DALLAS, Tex., 2017-Dec-13 — /EPR Retail News/ — Advance Auto Parts, Inc. (NYSE: AAP) and Interstate Batteries® announce a strategic partnership to better serve the changing needs of the automotive aftermarket with premium quality products, expanded availability and enhanced customer service. Interstate Batteries, the leading replacement battery brand with the largest independent battery distribution system in North America, will become the exclusive automotive and specialty battery brand to Advance Auto Parts® stores and customers in the spring of 2018.

Advance Auto Parts, a leading parts provider serving both professional installers and do-it-yourself customers, will debut a comprehensive battery program featuring Interstate products at its more than 4,900 U.S. and international locations, and will offer free battery testing and installation in stores. Interstate products will be available initially at Advance’s company-owned stores and at independently owned Carquest stores. In the future, wholly owned Advance Auto Parts subsidiaries Worldpac, Autopart International and Carquest Canada will also offer Interstate products.

“We are thrilled that Advance Auto Parts will be the only national auto parts retailer offering our customers the market leading battery brand,” said Tom Greco, president and CEO of Advance Auto Parts. “The trusted Interstate brand, coupled with Advance’s best-in-class customer service, is a winning combination. Offering Interstate products in store, online, and through delivery within our network demonstrates our commitment to serving our customers through differentiated, innovative solutions. Together with Interstate, we are positioned to increase market share in batteries and achieve growth. Long term strategic partnerships with our suppliers are important and this is a great example.”

Automotive technicians have named Interstate Batteries the overall Best Automotive Battery Brand every year since 2007, according to Frost & Sullivan. Through the partnership, professional installers and do-it yourself customers receive greater access and availability to premium automotive and specialty batteries as well as a broader warranty program.

“Interstate Batteries’ long-term vision is to be the first choice in sustainable battery solutions in every
community we serve,” said Scott Miller, president and CEO of Interstate Batteries. “This alliance places us where our professional and retail customers are making purchasing decisions, allowing Advance Auto Parts and independent Carquest stores to serve as convenient, one-stop shops to meet our customers’ needs.”

Retail customers and professional installers alike will benefit from the partnership in many ways:
 Best-In-Class Brands: For 85 years, customers have relied on Advance Auto Parts for high quality parts, service and solutions. Customers value quality and reliability in batteries. Now, customers can get the entire line of the market leading Interstate brand from Advance Auto Parts. Interstate’s products are qualified at Interstate’s state-of-the-art testing lab to verify their products meet or exceed original equipment fit and function.

 Unmatched Availability: Through the partnership, DIY consumers and professional installers will benefit from more than 99 percent coverage for cars, light trucks, and specialty battery needs. Combining Advance’s online platforms and extended retail hours with Interstate’s expansive distribution network and route service program means the two companies will be able to provide the right battery at the right time when and where consumers need them.

 Best-In-Class Service: Advance locations will benefit from Interstate’s vast battery distribution network – the largest in North America – with more frequent product rotation and efficiencies through direct delivery to stores, keeping shelves fully stocked. Professional installers will appreciate Advance’s timely delivery service, allowing them more time to focus on customers’ needs. Additionally, with its portfolio of more than 900,000 quality products, Advance is ready to meet the full automotive parts needs of Interstate’s extensive professional customer base. For consumers, Advance stores will continue to offer free battery testing and installation through the expertise of its knowledgeable team.

 Nationwide Warranty Coverage: Interstate warranties now will be honored at all Advance locations and independently-owned Carquest stores in addition to the 200,000-plus professional shops that install Interstate batteries. The Advance footprint and name recognition bring increased convenience to Interstate customers seeking warranty support.

 Environmental Sustainability: In addition to sharing similar values based on quality, service and integrity, both companies also focus on environmental sustainability. Together, the companies will recycle more than 30 million batteries per year. That’s 1.1 billion pounds of lead and equates to more batteries recycled than sold.

For more information, visit www.advanceautoparts.com or www.interstatebatteries.com.

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 October 7, 2017, Advance operated 5,074 stores and 129 Worldpac branches and employed approximately 73,000 Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves approximately 1,250 independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

About Interstate Batteries
For more than 65 years, Interstate Batteries® has powered people down roads, trails and waterways and charged up businesses for success. Best known for its starting, lighting and ignition (SLI) batteries, its products have been under car hoods since 1952, each one backed by the company’s service, quality and value. Interstate All Battery Center® provides portable power in both retail and commercial markets, and Interstate PowerCare® offers premier products and technical expertise for all critical and motive power needs. Headquartered in Dallas, Interstate Batteries is an industry leader in recycling efforts, as well as a global leader in safe lead handling practices. Guided by a set of core values, the company’s purpose is to glorify God and enrich lives while delivering the most trustworthy source of power to the world. For more information, visit www.interstatebatteries.com.

MEDIA CONTACTS:
Greg Miller
On behalf of Advance Auto Parts
greg_miller@richards.com
214-891-7668

Sarah Marshall
Jackson Spalding for Interstate Batteries
smarshall@jacksonspalding.com
214-269-4007

INVESTOR RELATIONS CONTACT:
Prabhakar Vaidyanathan
Advance Auto Parts
prabhakar.vaidyanathan@advance-auto.com
919-227-5466

Source: Advance Auto Parts

Advance Auto Parts’ Kristine Hankey earns Retailer Counter Professional of the Year award during the 2017 AAPEX Show in Las Vegas

Advance Auto Parts’ Kristine Hankey earns Retailer Counter Professional of the Year award during the 2017 AAPEX Show in Las Vegas

 

First female recipient of Counter Professional of the  Year recognition in 20+ years honored during AAPEX awards reception

ROANOKE, Va., 2017-Nov-09 — /EPR Retail News/ — Advance  Auto Parts, Inc., a leading automotive aftermarket parts provider  in North America that serves both professional installer and do-it-yourself  customers, is  pleased to announce that Kristine Hankey, Commercial Parts Pro at Advance’s Dover,  Pennsylvania location, received the highly acclaimed Retailer Counter  Professional of the Year award during Babcox’s Night of Excellence Award Reception held during the 2017 AAPEX Show in Las Vegas. Hankey is the  first female recipient of the Counter Professional of the Year award in more  than 20 years, and the first Advance Auto Parts team member to receive the award  from Counterman in  the 32-year history of the awards program.

Babcox  publisher Scott Shriber honored Hankey for her exemplary work ethic, commitment to customer  service, pursuit of aftermarket industry knowledge and team participation, and her  efforts to support philanthropic causes in the local community.

“Kris Hankey’s passion for caring for her customers embodies  our mission at Advance. She knows her customers’ business inside and out and  her knowledge of the industry and ability to anticipate professional customers’  needs is extraordinary. Kris is a huge inspiration to the entire Advance team,”  said Tom Greco, President and Chief Executive Officer at Advance. “Kris’s  colleagues will tell you she is the ‘go to’ Parts Pro in the region. As a  result of Kris’s relentless focus on delivering for her customers, she is a  role model for everyone at Advance. We could not be more proud to have Kris so  deservedly recognized by her peers as the 2017 Counter Professional of the  Year.”

Hankey began her automotive career  more than 20 years ago, working on her own cars alongside her brothers while  growing up. In her time with Advance, which she joined in 2011, Kris has  maintained her skillset and knowledge by taking advantage of technical training  classes offered by Carquest Technical Institute and building relationships with  local OE dealerships, and she holds a current P2 ASE certification. Access to  quality training, recruiting more people to careers in the aftermarket and  career path development are key areas of focus for Advance Auto Parts, and one  reason the company is actively participating in the TechForce Foundation’s  FutureTech Success initiative.

2017 marks the 32nd year that the  Counter Professional of the Year awards have been bestowed by Counterman. As the first female in more than 20 years to receive the  honor, Hankey acknowledged that part of her role as a leader in the aftermarket  is to help break down barriers for females that work in a male dominated field.

“Kris  certainly has the respect of her fellow Team Members, who are quick to note her  success is evident in how she lives Advance’s mission everyday – Passion for  Customers … Passion for Yes!,” said Mike Creedon, Advance’s North Division President. “As  we work to establish a more diverse and inclusive aftermarket workforce, having  exceptional leaders like Kris gives our company a competitive advantage.”

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 15,  2017, Advance operated 5,073 stores and 131 Worldpac branches and employed approximately  73,000 Team Members in the United States, Canada, Puerto Rico and the U.S.  Virgin Islands. The Company also serves approximately 1,250 independently owned  Carquest branded stores across these locations in addition to Mexico and the  Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands.  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.

For Investor Relations questions please contact:

Advance Auto Parts, Inc.
Attn: Investor Relations Department
2635 East Millbrook Road
Raleigh, NC 27604
Tel: 919.227.5466

For Media Relations questions please contact:

Advance Auto Parts, Inc.
Attn: Media Relations Department
5008 Airport Road
Roanoke, VA 24012
Tel: 540.561.8452

Source: Advance  Auto Parts, Inc.

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Advance Auto Parts to hire more than 15,000 team members in 2017

Company invests in career pathing, training and benefits for people who have a passion for customers

ROANOKE, Va., 2017-Mar-08 — /EPR Retail News/ — Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer and do it yourself customers, is accelerating growth and plans to open 75 to 85 new stores and a state-of-the-art distribution center in 2017. As a result of the new jobs created through expansion and existing career opportunities, Advance expects to hire more than 15,000 team members this year across its family of companies, which includes Advance Auto Parts, Carquest, WORLDPAC and Autopart International.

“We’re pleased to expand our company’s presence this year as part of our long term growth plan,” said Tom Greco, President and Chief Executive Officer. “In addition to the investment that new stores bring to our communities, it offers a unique opportunity for people who have a passion for serving customers to join a growing company. At Advance, we treat and reward our team members like owners in our business. We are looking for talented people who are driven to deliver winning outcomes and take action while developing both themselves and others.”

“At Advance, we empower our people because they are our best part,” said Natalie Rothman, Senior Vice President, Human Resources. “They care for our customers’ needs every day and feel like they are part of a family. That sense of family is felt by our customers when they call or visit our stores, and is an important part of the service experience we provide. Advance cares for our people and provides compelling opportunities that allow team members to grow their career with us.”

In 2016, Advance was proud to promote more than 6,000 team members across the company who demonstrated our commitment to customers and drive for results. In 2017, Advance will continue to focus on growing talent by developing team members within the organization and recruiting outstanding candidates who have passion for serving customers.

As part of those efforts, the company is investing in career pathing and training programs, with a key focus on expanding leadership and business fundamentals training, and offering more opportunities for team members to connect and network with others across the organization through shared experiences. A newly created inclusion and diversity team is dedicating efforts to ensure our team reflects the community of customers we serve across our operations.

Interested candidates may apply at www.AdvanceAutoParts.jobs. You may also follow the company on Facebook at facebook.com/AdvanceAutoPartsCareers and on LinkedIn at linkedin.com/company/advance-auto-parts.

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 December 31, 2016, Advance operated 5,062 stores and 127 WORLDPAC branches and employed 74,000 Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The company also serves approximately 1,250 independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British Virgin Islands and Pacific Islands. 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.

Forward Looking Statements

Certain statements contained in this release are forward-looking statements, as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events or developments, and typically use words such as believe, anticipate, expect, intend, plan, forecast, outlook or estimate. These forward looking statements include, but are not limited to, key assumptions for 2017 financial performance including statements regarding expected growth and future performance of Advance Auto Parts, Inc. (AAP), including store growth; expectations regarding leadership changes and their impact on the company’s strategies, opportunities and results; statements regarding enhancements to shareholder value; statements regarding strategic plans or initiatives, growth or profitability; and all other statements that are not statements of historical facts. These forward-looking statements are subject to significant risks, uncertainties and assumptions, and actual future events or results may differ materially from such forward-looking statements. Such differences may result from, among other things, AAP’s ability to implement its business and growth strategy; ability to attract, develop and retain executives and other employees; changes in regulatory, social and political conditions, as well as general economic conditions; competitive pressures; demand for AAP’s products; the market for auto parts; the economy in general; inflation; consumer debt levels; the weather; business interruptions; information technology security; availability of suitable real estate; dependence on foreign suppliers; and other factors disclosed in AAP’s 10-K for the fiscal year ended December 31, 2016 and other filings made by AAP with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. AAP intends these forward-looking statements to speak only as of the time of this communication and does not undertake to update or revise them as more information becomes available.

Contact:
Laurie Stacy
540-561-1206
laurie.stacy@advance-auto.com

Source: Advance Auto Parts, Inc.

Advance Auto Parts to announce its 3Q FY2016 results on Monday, November 14, 2016

ROANOKE, Va., 2016-Nov-02 — /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, will report its 2016 third quarter results after market close on Monday, November 14, 2016. The Company will also host a Meet and Greet with management on Monday, November 14, 2016 in New York City from 5:00 p.m. to 7:00 p.m. Eastern time with presentations given by Tom Greco, President and Chief Executive Officer; Thomas Okray, Executive Vice President, Chief Financial Officer; and Bob Cushing, Executive Vice President, Commercial. The presentations will include a review of the Company’s 2016 third quarter results and elements of its strategic business plan followed by a question and answer session.

In-person attendance to the event will be by invitation only. A live audio webcast of the event including presentation slides will commence at approximately 5:00 p.m. Eastern time using the following link http://edge.media-server.com/m/p/jhnkpfih. Presentation slides included in the webcast will also be available on the day of the event, at approximately 4:55 p.m. Eastern time, at www.AdvanceAutoParts.com under the Investor Relations section. The event will also be available via telephone by dialing (866) 908-1AAP in the U.S. and Canada; (773) 799-3753 for international participants.

An audio replay of the event will be made available approximately 24 hours after the event concludes at www.AdvanceAutoParts.com under the Investor Relations section.

About Advance Auto Parts

Advance Auto Parts, Inc., a leading automotive aftermarket parts provider in North America, serves both professional installer and do-it-yourself customers. As of July 16, 2016, Advance operated 5,066 stores and 126 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 74,000 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.

Media Contact:
Laurie Stacy
540-561-8452
laurie.stacy@advance-auto.com

Investor Contact:
Zaheed Mawani
919-573-3848
zaheed.mawani@advanceautoparts.com

Source: Advance Auto Parts, Inc.

Advance Auto Parts announces the appointment of Thomas (Tom) Okray as EVP and CFO

ROANOKE, Va., 2016-Oct-06 — /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 it has appointed Thomas (Tom) Okray as Executive Vice President, Chief Financial Officer, effective October 31, 2016. As part of the previously announced orderly transition, Mr. Okray will succeed Mike Norona, who will remain with the Company in an advisory role until the end of the year.

Mr. Okray, 53, brings more than 25 years of experience in finance, operations and supply chain to Advance Auto Parts. Most recently, Mr. Okray served as Vice President, Finance, Global Customer Fulfillment at Amazon, where he was the finance lead overseeing the optimization of key elements of Amazon’s Global Fulfillment Network. Prior to joining Amazon, Mr. Okray spent the majority of his career at General Motors (GM) in a variety of finance and supply chain related roles. He was most recently responsible for overseeing more than $120 billion in annual expenses and $8 billion in capital expenditures as CFO, Global Product Development, Purchasing & Supply Chain. Prior to that, he held a variety of finance roles supporting GM’s operations, vehicle development, supplier and partner base around the world.

“On behalf of the entire executive team, we are delighted to welcome Tom to the Advance team,” said Tom Greco, President and CEO. “Tom brings deep experience in finance, with a particular focus on leading the finance function in helping to drive efficient supply chain operations. Importantly, Tom is very familiar with a supply chain that must respond rapidly to online demand. This will be increasingly critical to accelerating our growth at Advance going forward. Tom’s strong track record as a proven and respected leader within Fortune 100 companies like Amazon and GM, and his passion for success, make him the ideal person to lead our finance function.”

Mr. Greco continued, “I would like to thank Mike Norona for his tireless efforts and strong financial leadership and contributions during his tenure, and in particular over the last few months. We look forward to continuing to benefit from his guidance as we complete a smooth transition.”

Mr. Okray said, “Advance is a well-positioned industry leader with an extraordinary opportunity to deliver improved performance. I am truly honored and excited to join the team during this transformative time. I look forward to working with Tom, the management team, and the entire Advance family to help contribute to Advance’s success.”

Thomas Okray Biography

Mr. Okray joins Advance Auto Parts from Amazon, which he joined in 2015 as Vice President, Finance, North American Operations. In January 2016, Mr. Okray became Vice President, Finance, Global Customer Fulfillment where he was the finance lead responsible for optimizing key elements of Amazon’s Global Fulfillment Network, including transportation/ supply chain, capacity and labor planning, cost/productivity of fulfillment centers, capital, engineering and procurement. Prior to joining Amazon in 2015, Mr. Okray held various leadership positions at General Motors, including roles in the United States, Germany, Italy, Poland and Korea. In his most recent role as CFO, Global Product Development, Purchasing & Supply Chain, he was responsible for supporting future vehicle, engine and transmission development, global capital, engineering expense, and purchasing operations which included the company’s global supply chain organization. Mr. Okray earned a bachelor’s degree in chemical engineering from Michigan State University, and received an MBA from the University of Chicago’s Booth School of Business. He has also participated in a Transformational Leadership Program through Stanford University’s Graduate School of Business.

About Advance Auto Parts

Advance Auto Parts, Inc., a leading automotive aftermarket parts provider in North America, serves both professional installer and do-it-yourself customers. As of July 16, 2016, Advance operated 5,066 stores and 126 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 74,000 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.

Forward Looking Statements

Certain statements contained in this release are forward-looking statements, as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events or developments, and typically use words such as believe, anticipate, expect, intend, plan or forecast. These forward looking statements include, but are not limited to, objectives and expectations; statements regarding expected growth and future performance of Advance Auto Parts, Inc. (AAP); expectations regarding leadership changes and their impact on the company’s strategies, opportunities and results; statements regarding enhancements to shareholder value; statements regarding strategic plans or initiatives, growth or profitability; and all other statements that are not statements of historical facts. These forward-looking statements are subject to significant risks, uncertainties and assumptions, and actual future events or results may differ materially from such forward-looking statements. Such differences may result from, among other things, the risk that the benefits of the General Parts International, Inc. (General Parts) acquisition, including synergies, may not be fully realized or may take longer to realize than expected; AAP’s ability to attract, develop and retain executives and other employees; changes in regulatory, social and political conditions, as well as general economic conditions; competitive pressures; demand for AAP’s and General Parts’ products; the market for auto parts; the economy in general; inflation; consumer debt levels; the weather; business interruptions; information technology security; availability of suitable real estate; dependence on foreign suppliers; and other factors disclosed in AAP’s 10-K for the fiscal year ended January 2, 2016 and other filings made by AAP with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. AAP intends these forward-looking statements to speak only as of the time of this communication and does not undertake to update or revise them as more information becomes available.

Media Contact:
Laurie Stacy
540-561-8452
laurie.stacy@advanceautoparts.com

Investor Contact:
Zaheed Mawani
919-573-3848
zaheed.mawani@advanceautoparts.com

Source: Advance Auto Parts, Inc.