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AutoZone Announces Change to Executive Committee
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By AutoZone
MEMPHIS, Tenn. , Sept. 19, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $5.7 billion for its fourth quarter (16 weeks) ended August 26, 2023 , an increase of 6.4% from the fourth quarter of fiscal 2022 (16 weeks). Same store sales, or sales for our domestic and
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By AutoZone
MEMPHIS, Tenn., Sept. 18, 2023 (GLOBE NEWSWIRE) -- AutoZone (NYSE: AZO), following its Leadership Transition Plan announced on June 26, 2023, today announced additional senior leadership changes. Tom Newbern, a 38-year AutoZoner, currently Executive Vice President, Operations, Sales and Technology, has been promoted to Chief Operating Officer (COO). Additionally, Jamere Jackson, current Chief Financial Officer and Executive Vice President, Finance and Store Development, has been promoted as Chief Financial Officer (CFO) where he will continue to lead the Finance and Store Development teams. Phil Daniele, our Chief Executive Officer-Elect (CEO-Elect), is positioning Tom and Jamere as equivalents and the senior most leaders of his leadership team.
Additionally, Bill Hackney, a 38-year AutoZoner, currently Senior Vice President, Merchandising, has been promoted to Executive Vice President, Merchandising, Marketing and Supply Chain replacing Phil Daniele who previously held the role.
“I’m very excited about these strategic moves which position us well for continued growth. Jamere and Tom are exceptional leaders and having them at my side will be an enormous benefit. Also, Bill Hackney’s promotion to Executive Vice President reflects the deep strength of our leadership team. All are proven leaders and poised to serve our customers and lead our company for many years to come,” said Phil Daniele, Chief Executive Officer-Elect.
Finally, three of AutoZone’s other Executive Committee members will be retiring around the end of the calendar year consistent with AutoZone’s long-standing Succession Plan. “I want to thank and congratulate Grant McGee, Senior Vice President, Commercial, Charlie Pleas, Senior Vice President, Finance and Accounting, and Al Saltiel, Senior Vice President, Marketing and E-Commerce on their stellar AutoZone careers and thank them for their exceptional service and leadership,” said Bill Rhodes, Chairman, President and CEO.
The company has active searches under way for Grant and Al’s replacements which will include internal and external candidates and Charlie’s role will be restructured.
About AutoZone:
As of May 6, 2023, the Company had 6,248 stores in the U.S., 713 in Mexico and 83 in Brazil for a total store count of 7,044.
AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. We also have commercial programs in the majority of our stores in Mexico and Brazil. AutoZone also sells the ALLDATA brand automotive diagnostic, repair and shop management software through
link hidden, please login to view. Additionally, we sell automotive hard parts, maintenance items, accessories and non-automotive products through link hidden, please login to view, and our commercial customers can make purchases through link hidden, please login to view. We also provide product information on our Duralast branded products through link hidden, please login to view. AutoZone does not derive revenue from automotive repair or installation services. Contact Information:
Financial: Brian Campbell at (901) 495-7005,
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Media: David McKinney at (901) 495-7951, link hidden, please login to view
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By Counterman
Raybestos has announced their sponsorship of Sally McNulty and Team Infamous (driver Derek Madison) for the 2023 race season. These teams race in the endurance and drift racing circuits.
“As a leading brake manufacturer, Raybestos is dedicated to innovation, precision and excellence,” the company said in a news release. “With over 60 years of experience in the racing world, Raybestos has a long heritage of excellence and recognition. Raybestos professional racing brake pads are engineered specifically for extreme performance conditions to get racers across the finish line.”
Check out and follow the Raybestos racers this season on their social media platforms.
Sally McNulty
link hidden, please login to view link hidden, please login to view link hidden, please login to view link hidden, please login to view Team Infamous
link hidden, please login to view link hidden, please login to view link hidden, please login to view link hidden, please login to view Raybestos is part of the First Brands Group.
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By Counterman
In link hidden, please login to view, we gave leaders from the major distribution groups and trade associations an opportunity to reflect on the most critical issues affecting the automotive aftermarket. For the second year in a row, we let distribution leaders “riff” on these topics in their own words.
Here’s what Robert Roos, president/CEO of the Pronto Automotive Distribution Network, had to say on the current state of the aftermarket.
When I stop and take a minute to reflect on the current state of the automotive aftermarket, I am both overwhelmed and amazed at the amount of change and innovation taking place at all levels of distribution today. Never in my nearly 40 years in this industry have I experienced such a fast-paced and significant number of challenges facing our members, customers and supplier partners.
We are faced with emerging technologies; the battle for access to data; unprecedented consolidation at all levels of the supply chain; and the challenge of labor shortages – all while attempting to fight the day-to-day battles to win business against increasing competition from a variety of different fronts. And yet our industry continues to thrive. Resiliency is the word I like to use when talking about the automotive aftermarket. How would anyone predict the kind of results our industry continues to show in the midst of economic challenges, supply chain issues and a variety of other pressures we face?
I believe it is our ability to adapt and change at such a rapid pace that allows us to continue to thrive. We are a close-knit community and while we may compete against one another, we also know when to work together for the betterment of all. We work together to increase involvement in the issues that challenge all of us today, whether it is supporting the Repair Act to ensure our access to the necessary data to maintain everyone’s ability to keep safe vehicles on the road at a reasonable cost; working to increase awareness of our labor shortage within the industry; or creating new ways to make our industry safer for the environment and increase our sustainability footprint.
To continue the success of the past, we must remain alert to these issues and others that may develop as our industry continues its rapid paced transformation. We have a responsibility to keep our entire industry informed of these very important issues. Thankfully, we are better prepared to do this today than ever before. We have our industry associations, program groups, various networking groups and others spreading the word. We have industry events that encourage participation and educate attendees on the important issues of the day. I am confident that the automotive aftermarket of today is ready for what the future holds. I am proud of our industry, what we have accomplished and those things we will accomplish in the future. We are prepared to meet the challenges of today and tomorrow head-on and with a passion unlike any other.
What is the current state of the aftermarket? In a sentence I would say our industry is economically sound, poised for the future and ready to keep consumers on the road no matter what challenges lie ahead. In a word, my answer would be resilient.
The Pronto Network
Founded: Formed from the merger of National Pronto Association and The Automotive Distribution Network in 2021 Headquarters: Grapevine, Texas Number of members/shareholders: 200+ Number of distribution centers: 375+ Number of parts stores: 1,500+ Number of suppliers: 200+ Website: link hidden, please login to view The post
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By AutoZone
MEMPHIS, Tenn. , Aug. 25, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas , will release results for its fourth quarter ended Saturday, August 26, 2023 , before market open on Tuesday,
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