December 3, 2023

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Advance Auto Parts Announces Leadership Changes

Advance Auto Parts Announces Leadership Changes

RALEIGH, N.C.–(Small business WIRE)–Advance Auto Sections, Inc. (NYSE: AAP), a leading automotive aftermarket areas service provider, today declared the departure of Michael C. Creedon, Jr., government vice president, U.S. retailers productive September 30, 2022. Mr. Creedon will be succeeded by Herman L. Term, Jr. (“Junior”) who has been promoted to govt vice president, U.S. suppliers and Carquest Independents. Mr. Phrase joined Progress in February 2003 and has served in his recent purpose as Division President, Carquest North The us, main our Carquest Independents considering the fact that June 2019.

“We are extremely grateful for the several contributions Mike has created in his 9 yrs with Advance,” explained Tom Greco, Advance’s president and chief govt officer. “Under Mike’s management, we have substantially enhanced over-all retailer functions and constructed a much more powerful field workforce and society. We thank him for his support and desire Mike and his spouse and children absolutely nothing but continued achievement as he commences his future chapter as a chief functioning officer.”

Greco ongoing, “Over the previous several decades, we’ve been hugely centered on constructing a deep bench of gifted leaders at Progress and I am delighted to announce Junior’s effectively-deserved advertising. Since joining Advance practically 20 several years back, Junior has distinguished himself as an excellent operator and developer of talent. He has carried out all of the crucial work inside of Advance’s retail store functions and has continually led our effectiveness in numerous industry assignments more than several yrs. Most a short while ago, he has appreciably accelerated the performance of our Carquest Independents by escalating profits and including above a single hundred new spots in the past 3 yrs. Beneath Junior’s leadership of our more than 6,000 corporate and independently owned retailers, we are effectively positioned to further execute our strategic objectives.”

About Advance Car Sections

Advance Automobile Components, Inc. is a leading automotive aftermarket components supplier that serves each specialist installer and do-it-yourself customers. As of July 16, 2022 Progress operated 4,724 suppliers and 312 Worldpac branches mainly within just the United States, with additional areas in Canada, Puerto Rico and the U.S. Virgin Islands. The firm also served 1,329 independently owned Carquest branded shops throughout these destinations in addition to Mexico and several Caribbean islands. Additional information about Advance, together with work opportunities, purchaser expert services, and on the web procuring for areas, add-ons and other choices can be discovered at

Ahead-Looking Statements

Certain statements herein are “ahead-hunting statements” inside of the meaning of the Personal Securities Litigation Reform Act of 1995. Ahead-searching statements are commonly identifiable by words and phrases such as “foresee,” “think,” “could,” “estimate,” “be expecting,” “forecast,” “steering,” “intend,” “likely,” “may possibly,” “strategy,” “position,” “doable,” “opportunity,” “probable,” “job,” “need to,” “system,” “will” or identical language. All statements other than statements of historical actuality are ahead-searching statements, together with, but not limited to, statements about the company’s strategic initiatives, operational strategies and objectives, anticipations for economic circumstances and restoration and long run organization and economic general performance, as properly as statements about underlying assumptions relevant thereto. Ahead-seeking statements reflect the firm’s views primarily based on historic success, latest info and assumptions linked to long term developments. Besides as may possibly be demanded by law, the organization undertakes no obligation to update any ahead-hunting statements manufactured herein. Ahead-wanting statements are matter to a number of threats and uncertainties that could cause actual final results to vary materially from people projected or implied by the ahead-searching statements. They involve, among some others, elements similar to the timing and implementation of strategic initiatives, like with regard to labor shortages or disruptions and the influence on our capability to entire retailer openings, deterioration of typical macroeconomic situations, the really aggressive nature of the firm’s field, demand from customers for the company’s solutions and expert services, complexities in its inventory and provide chain, problems with reworking and rising its business and factors connected to the present-day world wide COVID-19 pandemic. Please refer to “Product 1A. Possibility Components.” of the firm’s most recent Annual Report on Variety 10-K, as up-to-date by other filings built by the corporation with the Securities and Trade Commission, for a description of these and other risks and uncertainties that could cause genuine success to vary materially from those projected or implied by the forward-hunting statements.