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By Counterman
Walker Products announced its generous donation to this year’s scholarship fundraising effort led by the California Automotive Wholesalers Association (CAWA).
“The donation reflects Walker Products’ ongoing commitment to supporting educational opportunities and the development of future industry leaders,” the company said in a news release.
The CAWA Leadership scholarship program has been a vital force in fostering the academic and professional growth of individuals pursuing careers within the automotive aftermarket. Walker Products recognizes the importance of investing in the next generation of automotive professionals.
“We are pleased to announce that Walker Products has donated to this year’s fundraising effort on behalf of the association’s scholarship programs,” said Grant Kitching, president and CEO at Walker Products.
“We value our partnership with CAWA and are honored to be a member of their association. Walker’s donation reflects our commitment to CAWA, the automotive aftermarket and young professionals beginning their journey in this industry.”
The donation is a testament to Walker Products’ enduring commitment to fostering a stronger, more educated automotive aftermarket workforce, Walker noted. Grant Kitching and the Weaver family, alongside the entire Walker Products team, have shown their dedication to the industry and the vision of empowering the next generation of leaders.
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By Counterman
Photo caption: Philip Daniele III (left) will succeed Bill Rhodes, who will relinquish his positions as president and CEO in January.
Over the past few months, AutoZone has announced multiple leadership changes at the company.
In late June, AutoZone announced Bill Rhodes’ decision to relinquish his positions as president and CEO effective January 2024. Rhodes will become executive chairman of the board.
The company has selected Philip Daniele III, currently executive vice president merchandising, marketing and supply chain, to succeed Rhodes as CEO in January 2024. Daniele, a 29-year AutoZoner, also will become a member of the board of directors.
“On behalf of the board of directors, I want to thank Bill for his outstanding leadership during his more than 18 years as our CEO, and we are excited and grateful that he will remain actively involved as executive chairman and an officer of the company,” said Earl G. Graves Jr., lead director. “Bill, the executive committee and CEO team have led the company through unprecedented growth while continuing to nurture and evolve AutoZone’s unique and powerful culture. AutoZone is eternally grateful for his many contributions during his almost 30 years of service.”
Rhodes has been president and CEO and on the board of directors since March 2005. In June 2007, he was named chairman of the board. During his tenure as president and CEO, the company has roughly doubled the number of stores; grown the number of AutoZoners to approximately 115,000; increased revenues by more than three times, this year surpassing $17 billion; and grown the stock price by more than 25 times. Rhodes also has served on numerous industry and community boards.
“Being an AutoZoner and having the opportunity to help lead this amazing team has been one of the greatest honors of my life,” Rhodes said. “I’m incredibly excited that the board has elected Phil as CEO-Elect. Phil and I have worked together very closely for over 25 years. Phil knows this company as well as anybody and has a passion for this business that is arguably un-paralleled. More importantly, Phil understands AutoZone’s success has been driven by a deep, passionate set of leaders who support great AutoZoners across the globe. He embodies what our founder J.R. Hyde III’s father taught us when he said, ‘No individual builds a business … an individual builds the organization, and the organization builds the business.’”
Newbern, Jackson Promoted
On Sept. 18, AutoZone announced several additional leadership changes in the offing.
AutoZone has promoted Tom Newbern, currently executive vice president, operations, sales and technology, to chief operating officer. Newbern has been with the company for 38 years.
AutoZone has promoted, Jamere Jackson, currently chief financial officer and executive vice president, finance and store development, to chief financial officer. Jackson will continue to lead the finance and store development teams.
Daniele is positioning Newbern and Jackson 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 Daniele, who previously held the role.
“I’m very excited about these strategic moves, which position us well for continued growth,” Daniele said. “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.”
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.
Retiring are Grant McGee, senior vice president, commercial; Charlie Pleas, senior vice president, finance and accounting; and Al Saltiel, senior vice president, marketing and e-commerce.
AutoZone said the company will replace McGee and Saltiel, and will be restructuring Pleas’s role.
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By Counterman
The National Highway Safety Administration (NHTSA) has outlined an approach for automakers to comply with the expanded Massachusetts right-to-repair law without running afoul of federal safety regulations.
However, if the proposal sees the light of day, it would mean implementing just a portion of the law – which Massachusetts approved by an overwhelming margin in November 2020.
The intent of the expanded right-to-repair law was to require automakers to equip vehicles sold in Massachusetts with a standardized data platform that enables motorists to access their vehicles’ telematics data through a mobile app.
In June, Kerry Kolodziej, NHTSA’s assistant chief counsel for litigation and enforcement, sent a letter to 22 automakers urging them to ignore the data-access provisions of the law due to cybersecurity concerns.
In an Aug. 22 letter to the Massachusetts Office of the Attorney General, however, Kolodziej asserts that OEMs can comply with the law “by providing independent repair facilities wireless access to a vehicle from within close physical proximity to the vehicle, without providing long-range remote access.”
“For instance, NHTSA understands that, according to the attorney general, vehicle manufacturers could comply with the Data-Access Law by using short-range wireless protocols, such as via Bluetooth, to allow the vehicle owner or an independent repair facility authorized by the owner to access all ‘mechanical data,’ as defined by the law, for that individual vehicle,” Kolodziej says in the letter. “In NHTSA’s view, a solution like this one, if implemented with appropriate care, would significantly reduce the cybersecurity risks – and therefore the safety risks – associated with remote access.”
Kolodziej notes that the proposal stems from conversations with Massachusetts Attorney General Andrea Joy Campbell.
“Limiting the geographical range of access would significantly reduce the risk that malicious actors could exploit vulnerabilities at scale to access multiple vehicles, including, importantly, when vehicles are driven on a roadway,” Kolodziej adds in the letter. “Such a short-range wireless compliance approach, implemented appropriately, therefore would not be preempted [by the National Traffic and Motor Vehicle Safety Act].”
NHTSA Letters ‘Underscores Imperative for a 50-State Solution’
Aftermarket trade associations issued a swift response to NHTSA’s letter.
MEMA Aftermarket Suppliers called it a “step forward” that the Massachusetts Office of the Attorney General and NHTSA have acknowledged “the need to address protocols for the open-access implementation” of the law.
However, MEMA asserted that “a short-range wireless protocol is insufficient to provide consumers with repair choice and stakeholders with a level playing field going forward.”
“The letter from NHTSA underscores the imperative for a 50-state solution that ensures both consumer choice in repair and enhanced safety on our roads,” the association said in a news release. “Moreover, it emphasizes the need for a cybersecure, technical solution that prioritizes consumers and is developed by and agreed to by all stakeholders.”
MEMA Aftermarket Suppliers also pointed to HR 906 – the REPAIR Act – as “a benchmark in cybersecurity for repair access.
“MEMA Aftermarket Suppliers firmly believes that the best solution is a collaborative, federal solution and invites automakers and other stakeholder to join the aftermarket in providing expert guidance and perspective to achieve that outcome,” the association added.
Meanwhile, the Auto Care Association said it “appreciates the continued support of the Massachusetts Office of the Attorney General to support the 2020 Data Access Law and the willingness of [NHTSA] to revisit its position on the enforceability of the law.”
“The Auto Care Association is gratified by NHTSA’s acknowledgement that the Data Access Law is not preempted by the Federal Vehicle Safety Act and by its
link hidden, please login to view that NHTSA strongly supports the right to repair,” Auto Care said in a news release. “The Auto Care Association further supports Attorney General Campbell’s stalwart efforts to ensure that vehicle manufacturers implement the Data Access Law safely and promptly. We look forward to the auto manufacturers’ compliance with the law.” The post
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By Advance Auto Parts
ADVANCE AUTO PARTS ANNOUNCES EXECUTIVE LEADERSHIP CHANGES
Appoints Shane O’Kelly as President and Chief Executive Officer
Names Tony Iskander as Interim Chief Financial Officer
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that its board of directors has appointed Shane O’Kelly as president and chief executive officer, effective September 11, 2023. Mr. O’Kelly will succeed Tom Greco, who has served as president and CEO since April 2016. Mr. Greco announced his planned retirement in February 2023 and will stay on as an advisor to ensure a seamless transition.
Mr. O’Kelly has also been appointed to the Advance Auto Parts board of directors, effective September 11, 2023. Gene Lee, interim executive chair of the board of directors, will continue in his interim role through the end of the year.
Mr. O’Kelly, 54, brings more than 30 years of operational, strategic development, integration and supply chain experience, including a proven track record of developing high-performing teams and cultures to drive results. Most recently, Mr. O’Kelly served as CEO of HD Supply, a wholly owned subsidiary of The Home Depot, Inc. Prior to joining Home Depot, Mr. O’Kelly was the CEO of PetroChoice, the nation's largest distributor of lubricants and lubrication solutions. Prior to that, he was CEO of AH Harris, a specialty construction supply distributor. Earlier in his career, he worked at The Home Depot and McKinsey and Company. Mr. O’Kelly served as a captain in the US Army and earned an MBA from Harvard Business School and a bachelor’s degree from The United States Military Academy at West Point.
Gene Lee, interim executive chair, said, “On behalf of the entire Advance Auto Parts board, I am delighted to welcome Shane to the Advance family. Following an extensive search over the past several months, we are confident that Shane’s robust operational background leading complex supply chain organizations makes him the ideal next leader for Advance. His proven leadership, commitment to serving customers, and strong track record of disciplined execution across multi-unit businesses will enable him to lead Advance in the next chapter and help drive long-term value for our shareholders.”
Mr. O’Kelly said, “I am honored to be joining Advance at such an important inflection point for the company. I have great respect for the talented team members at Advance and all that has been accomplished, including the team’s relentless focus on delivering for customers while navigating the challenging competitive and macroeconomic environment. As we undertake an operational and strategic review of the business, I look forward to working alongside the entire Advance team and our board of directors to drive growth, operational excellence and value for all stakeholders.”
The company also announced today that Tony Iskander has been named interim chief financial officer, effective August 18, 2023. Mr. Iskander succeeds Jeff Shepherd, who departed from Advance, effective August 18, 2023. Mr. Iskander has more than 25 years of finance and accounting experience and served as the company’s senior vice president, finance and treasurer since 2020. Prior to joining Advance in 2017, he spent more than a decade at Hillrom, where he held various finance roles of increasing responsibility. A search is being initiated, with the assistance of a leading executive search firm, to identify the company’s next chief financial officer.
Mr. Lee said, “We thank Jeff for his contributions and wish him the best in his future endeavors. Advance is fortunate to have a seasoned executive in Tony to assume the CFO role on an interim basis. I am very confident that Tony will lead the finance team through a seamless transition and work closely with Advance’s new CEO when Shane officially joins in September.”
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, 2023, Advance operated 4,790 stores and 319 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,307 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about our leadership transition, strategic initiatives, operational plans and objectives, our planned strategic and operational review and expectations for economic conditions, future business results and future financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect our views based on historical results, current information and assumptions related to future developments. Except as may be required by law, we undertake no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, factors related to the company’s leadership transition, the timing and implementation of strategic initiatives, our ability to hire, train and retain qualified employees, deterioration of general macroeconomic conditions, the highly competitive nature of our industry, demand for our products and services, complexities in our inventory and supply chain and challenges with transforming and growing our business. Please refer to “
link hidden, please login to view” of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by our subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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Investor Relations Contact:
Elisabeth Eisleben
T: (919) 227-5466
E: [email protected]
Media Contact:
Darryl Carr
T: (984) 389-7207
E: [email protected]
Source: Advance Auto Parts, Inc.
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