Advance Auto Parts Names New CEO
April 4, 2016—Advance Auto Part Inc. announced Monday that it has named Thomas Greco as chief executive officer and director, starting April 11. Interim CEO George Sherman will continue as president, a position he has held since April 2013.
“Advance Auto Parts is a clear industry leader with an unparalleled footprint and a growing number of customers who depend on our high-quality products and talented team members,” Greco said. “I am humbled and honored to be CEO and join the Board of Advance. I could not be more excited to work with my colleagues throughout Advance to build on our strong foundation and accelerate profitable growth. This is a terrific industry and, together, we will begin a disciplined march to reach our full potential.”
Greco joins Advance Auto Parts after 30 years with PepsiCo Inc. He most recently served as CEO of Frito-Lay North America where he drove sales and improved operating profits for PepsiCo’s snack and convenient foods business.
“Advance has made considerable progress on a number of important objectives as we work to deliver improved and more consistent performance. I want to welcome Tom to our team and look forward to working with him to take advantage of our tremendous opportunity,” Sherman said.