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By AutoZone
MEMPHIS, Tenn. , March 30, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced that Jenna Bedsole will join the Company as Senior Vice President, General Counsel and Secretary, Customer Satisfaction. Jenna will come to AutoZone from Baker Donelson where she served as managing
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By Counterman
MEMA, The Vehicle Suppliers Association, announced the members of the steering committee of the Center for Sustainability, launched in January.
Committee members were selected to represent the diverse membership of the organization, covering automotive and commercial vehicle, original equipment and aftermarket, large and small companies, and the remanufacturing community.
Members of the steering committee will provide guidance and oversight for the center’s leadership. In addition, they will support the programming that will be developed for the benefit of all member companies in the organization.
“We are thrilled to have the commitment of these outstanding industry executives as we take the Center for Sustainability from concept to reality,” said John Chalifoux, chief sustainability officer, MEMA, following the inaugural meeting of the steering committee. “I look forward to working with the committee members who will continue to provide their expertise and a balanced perspective for all MEMA members.”
The 10 executives serving on the MEMA Center for Sustainability steering committee are:
Marc Blackman, president and CEO, Gold Eagle, and MEMA chairman Ed Edwards, president and CEO, Circuit Board Medics Maureen Klein, vice president, public affairs and sustainability, Pirelli Tire North America Jill Kupcak, corporate office of sustainability and EHS, North America Region, Robert Bosch LLC Brian Lewallen, president, aftermarket solutions, Daimler Truck North America Santosh Singh, senior vice president, human resources, legal, government relations and corporate communications, North America, DENSOe Volker Weng, president and general manager, drivetrain and battery systems, BorgWarner Shawn Zwicker, global recon general manager, Cummins Bill Long, president and CEO, MEMA John Chalifoux, chief sustainability officer, MEMA, and COO, MEMA Aftermarket Suppliers Learn more about the Center for Sustainability
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By Counterman
The winter registration deadline for the National Institute for Automotive Service Excellence (ASE) testing and recertification is March 31.
Those service professionals
link hidden, please login to view by the deadline will have 90 days to schedule an appointment to take their selected ASE tests. ASE now offers three options for taking certification or recertification tests:
link hidden, please login to view is available throughout the year and is conducted days, nights and weekends at more than 450 secured, proctored Prometric test centers. Those with unexpired automobile certifications (A1-A9) can use the link hidden, please login to view for recertification. ASE also offers link hidden, please login to view as an online recertification solution for all ASE recertifications tests, excluding L1 and L2 tests. To register and select an available option to take selected ASE certification tests, visit
link hidden, please login to view by March 31, click on register and sign-in. Once logged in, users can next click on “orders” and then “store” where they can find the tests they want to take, add those tests to the cart, check out and registration is complete. For assistance from ASE customer service, call 800-390-6789. The post
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By Counterman
Advance Auto Parts reported net sales of $11.2 billion for 2022, up 1.4% from 2021, while comparable-store sales were flat.
Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.
“In 2022, our team members once again worked to serve our customers with relentless focus and dedication,” said Tom Greco, president and chief executive officer. “Despite challenges throughout 2022, we made progress on our strategic initiatives, including the expansion of our footprint, further strengthening of our DieHard brand and improved customer loyalty. However, we are not satisfied with our results in 2022 and are taking decisive actions to improve performance in 2023. Importantly, the disciplined inventory and pricing actions we discussed last quarter to adapt to an evolving competitive landscape contributed to stronger results in Q4 and we ended the year with positive momentum.
“We expect to see further improvements in inventory availability throughout 2023, which we view as the single most important driver to accelerate topline growth. After several years of significant investments in complex transformation initiatives and the majority of the integration behind us, we’re now able to focus more time and resources on leveraging our differentiated asset base and improving execution to drive long-term shareholder value.”
Advance’s 2023 guidance is for net sales between $11.4 billion and $11.6 billion, and year-over-year growth in comparable-store sales between 1% and 3%.
“In 2023 we are shifting to GAAP as our reporting method for annual guidance,” said Jeff Shepherd, executive vice president and chief financial officer. “As the GPI integration nears completion, we expect transformation costs to be less impactful, which reduces the need for non-GAAP adjustments. In addition, we believe that focusing on GAAP results will improve the understanding and comparability with our closest peers. In 2023 we are elevating our performance to improve topline growth and share gains while delivering operating income margin expansion.”
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