RALEIGH, N.C., December 14, 2022–(Business enterprise WIRE)–Progress Car Parts, Inc. (NYSE: AAP), a top automotive aftermarket elements service provider, now declared that Reuben E. Slone, govt vice president, source chain, will retire from the enterprise and be succeeded by Stephen J. Szilagyi. Mr. Szilagyi will come to Progress from MSC Industrial Offer, Inc., where he served as senior vice president, customer solutions from 2018 to 2021 and senior vice president, source chain from 2017 to 2018. Prior to that, Mr. Szilagyi invested 15 years with Lowe’s Businesses, Inc., in a range of roles of escalating accountability, like main supply chain officer from 2013 to 2016. At both MSC and Lowe’s, Mr. Szilagyi’s management helped travel important improvements in gross sales advancement, security, high quality, assistance and efficiency. Mr. Szilagyi will begin as Advance’s government vice president, main supply chain officer, and be a part of Advance’s Management Group on January 9, 2023.
“We are incredibly grateful for the a lot of contributions Reuben has manufactured, 1st as a board member of Progress from 2016 to 2018 and then as a member of Advance’s senior govt crew considering that Oct 2018,” reported Tom Greco, Advance’s president and chief govt officer. “With his wealth of working experience and deep comprehension of our organization, below Reuben’s management, we have appreciably improved our source chain operations. Reuben also has developed a a lot more robust team and culture within the source chain firm, earning it an ideal time to make a management changeover.”
Greco ongoing, “I’m thrilled to welcome Steve to the Progress family following an comprehensive look for. As a seasoned and completed source chain executive with additional than 25 many years of practical experience, Steve provides a deep comprehension of the two retail and experienced small business to business provide chain functions along with a confirmed observe file of results, innovation and management. I seem ahead to functioning carefully with him as we raise the bar on the execution of our approach.”
Mr. Szilagyi will report immediately to Greco. Both Mr. Slone and Mr. Szilagyi will lover closely to be certain a smooth changeover, whilst Mr. Slone is effective with the Advance team in an advisory job as a result of April 2023.
About Progress Car Components
Progress Car Elements, Inc. is a top automotive aftermarket parts company that serves the two specialist installer and do-it-by yourself shoppers. As of Oct 8, 2022, Advance operated 4,747 retailers and 313 Worldpac branches principally in the United States, with supplemental areas in Canada, Puerto Rico and the U.S. Virgin Islands. The firm also served 1,335 independently owned Carquest branded stores throughout these spots in addition to Mexico and different Caribbean islands. Additional information and facts about Advance, such as employment options, consumer providers, and on line browsing for elements, components and other offerings can be located at www.AdvanceAutoParts.com.
Forward-On the lookout Statements
Particular statements herein are “ahead-wanting statements” in just the this means of the Non-public Securities Litigation Reform Act of 1995. Forward-searching statements are usually identifiable by phrases these kinds of as “anticipate,” “consider,” “could,” “estimate,” “anticipate,” “forecast,” “steering,” “intend,” “possible,” “may,” “system,” “placement,” “doable,” “opportunity,” “possible,” “task,” “should,” “method,” “will” or comparable language. All statements other than statements of historic truth are ahead-seeking statements, together with, but not restricted to, statements about the company’s strategic initiatives, operational options and aims, anticipations for economic conditions and restoration and future enterprise and financial general performance, as perfectly as statements relating to underlying assumptions relevant thereto. Forward-wanting statements reflect the company’s sights centered on historic final results, existing data and assumptions connected to foreseeable future developments. Apart from as may perhaps be expected by legislation, the company undertakes no obligation to update any forward-searching statements made herein. Ahead-searching statements are subject matter to a variety of challenges and uncertainties that could bring about true success to differ materially from those people projected or implied by the forward-on the lookout statements. They include things like, among other folks, elements associated to the timing and implementation of strategic initiatives, including with respect to labor shortages or disruptions and the impression on our capacity to total store openings, deterioration of standard macroeconomic disorders, the remarkably aggressive character of the firm’s business, demand from customers for the firm’s goods and solutions, complexities in its stock and supply chain, challenges with transforming and developing its enterprise and variables relevant to the present-day global COVID-19 pandemic. Please refer to “Item 1A. Hazard Elements.” of the company’s most latest Once-a-year Report on Kind 10-K, as updated by other filings created by the organization with the Securities and Trade Fee, for a description of these and other dangers and uncertainties that could trigger true success to differ materially from those projected or implied by the forward-hunting statements.
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