Advance Auto Parts Announces Leadership Changes


RALEIGH, NC, September 26, 2022–(BUSINESS WIRE)–Advance Auto Parts, Inc. (NYSE: AAP), a leading supplier of automotive aftermarket parts, today announced the departure of Michael C. Creedon, Jr., Executive Vice President, US Stores known as of September 30th. 2022. Mr. Creedon will be succeeded by Herman L. Word, Jr. (“Junior”), who has been promoted to executive vice president, US Stores and Carquest Independents. Mr. Word joined Advance in February 2003 and has served in his current role as Division President, Carquest North America since June 2019, leading our Carquest Independents.

“We are very grateful for the many contributions Mike has made to Advance over his nine years,” said Tom Greco, Advance’s President and Chief Executive Officer. “Under Mike’s leadership, we have significantly improved overall business operations and built a much stronger field service team and culture. We thank him for his service and wish Mike and his family nothing but continued success as he begins his next chapter as Chief Operating Officer. “

Greco continued, “Over the last few years we have put a lot of focus on building a large pool of talented leaders at Advance and I am pleased to announce Junior’s well-deserved promotion. Since joining Advance nearly 20 years ago, Junior has distinguished himself as an outstanding operator and talent developer. He has taken on all the key responsibilities in Advance’s business operations and has consistently managed our performance in numerous field service assignments over many years. Most recently, he has significantly accelerated the performance of our Carquest Independents by increasing sales and adding over a hundred new locations over the past three years. With Junior’s leadership across our more than 6,000 corporate and independently owned businesses, we are well positioned to continue executing on our strategic goals.”

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About Advance Auto Parts

Advance Auto Parts, Inc. is a leading supplier of replacement parts to the automotive aftermarket, serving both professional installers and home improvement customers. As of July 16, 2022, Advance operated 4,724 stores and 312 Worldpac stores primarily in the United States, with additional locations in Canada, Puerto Rico and the US Virgin Islands. The company also supplied 1,329 Carquest-branded standalone stores in these locations, as well as in Mexico and various Caribbean islands. For more information about Advance, including employment opportunities, customer service and online shopping for parts, accessories and other offerings, visit www.AdvanceAutoParts.com.

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Forward-Looking Statements

Certain statements contained herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “project” , “guidance”, “intend”, “likely”, “may”, “plan”, “position”, “possible”, “potential”, “likely”, “forecast”, “should”. “,”, “strategy”, “will” or similar expressions. All statements, other than statements of historical fact, are forward-looking statements, including, without limitation, statements about the Company’s strategic initiatives, operational plans and objectives, expectations regarding economic conditions and recovery, and future business and financial performance and statements as to the underlying assumptions made in connection therewith. Forward-looking statements reflect the Company’s beliefs based on historical results, current information and assumptions regarding future developments. Except as required by law, the Company undertakes no obligation to update any forward-looking statements contained 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. These include, but are not limited to, factors related to the timing and execution of strategic initiatives, including those relating to labor shortages or disruptions and the impact on our ability to complete store openings, the deterioration in general macroeconomic conditions and the highly competitive nature of the Company’s industry, demand the company’s products and services, complexities in its inventory and supply chain, challenges in transforming and growing its business, and factors related to the current global COVID-19 pandemic. See “Item 1A. risk factors”. the company’s most recent Annual Report on Form 10-K, as updated by the company’s other filings with the Securities and Exchange Commission, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or as a result of the forward-looking statements implied.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220926005250/en/

contacts

Investor Relations:
Elizabeth Eisleben
T: (919) 227-5466
E: [email protected]

Media:
Darryl Carr
T: (984) 389-7207
E: [email protected]



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