June 15, 2015—Pep Boys has announced Scott P. Sider as its new CEO, effective today. Sider has also been appointed to the board of directors.
Sider most recently served as president of the Hertz Corporation Group’s Rent A Car Americas division. He joined Hertz in 1983 and held many positions, including area manager of Manhattan, Western region divisional vice president and president of off-airport operations.
John Sweetwood, who is currently serving as interim chief executive officer, will resume his position as an independent board member as Sider assumes his new role.
“We are extremely pleased that our comprehensive search has led us to Scott, a proven leader with automotive service and retail experience,” said Bob Hotz, chairman of the board of directors. “The board of directors was unanimous in its selection of Scott and sincerely thanks John for his service as interim CEO.”
“My experiences at Hertz, which have provided me with an appreciation of customer satisfaction through differentiation, a deep understanding of vehicle maintenance and the need for continual process improvement, combined with Pep Boys’ iconic brand makes this a very exciting opportunity for me. I look forward to leading all the Pep Boys associates as we accelerate our sales and profit improvement,” said Sider.