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Auto News

O’Reilly Automotive, Inc. Announces Leadership Succession and Update to Target Leverage Ratio

By Auto News, in O'Reilly Auto Parts Forum

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SPRINGFIELD, Mo., May 08, 2018 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, today announced the completion of its previously announced leadership succession plan and updated the target leverage ratio as part of its long-term capital structure.  During today’s Annual Meeting of Shareholders, Greg Henslee, who has served as the Company’s Chief Executive Officer (“CEO”) since February of 2005, was elected to serve as a Director on the Company’s Board of Directors (the “Board”) and was subsequently appointed by the Board to serve as Executive Vice Chairman.  In conjunction with Mr. Henslee’s election to the Board, Greg Johnson, was promoted to CEO and Co-President, and Jeff Shaw was promoted to Chief Operating Officer and Co-President.

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