Nov. 12, 2015—Advance Auto Parts Inc. announced today that its board of directors has appointed president George Sherman to the additional role of interim CEO, effective Jan. 3. Sherman will succeed Darren Jackson, who will retire from the board on Jan. 2 after over 11 years with the company.
Advance Auto Parts also announced that John. C. Brouillard, current board chairman, will become executive chairman effective immediately. Brouillard will continue to provide leadership and work closely in an advisory capacity with Sherman. John Ferraro, current board member, was named lead independent director.
“Since joining Advance Auto Parts nearly three years ago, George Sherman has demonstrated a range of important skills through his efforts to expand our Commercial business, improve operations and oversee the integration of General Parts. We are confident that George’s understanding of our business, strong customer relationships, and proven leadership abilities position him well to lead the Company through this transition period. As part of our search process, the Board will consider external candidates as well as George for the role of permanent CEO,” said Brouillard.
“I am honored to have the opportunity to lead Advance Auto Parts during this interim period. With increased scale and reach, including loyal do-it-yourself customers and an expanding presence in the fast-growing commercial segment, we are well positioned to drive growth and achieve our margin targets. I look forward to continuing to work closely with our talented executives and the thousands of hard-working Advance team members as we build value for our shareholders, customers and team,” said Sherman.
