RALEIGH, N.C.–(Small business WIRE)–Progress Car Components, Inc. (NYSE: AAP), a primary automotive aftermarket components supplier, right now introduced that Reuben E. Slone, executive vice president, offer chain, will retire from the corporation and be succeeded by Stephen J. Szilagyi. Mr. Szilagyi arrives to Advance from MSC Industrial Offer, Inc., in which he served as senior vice president, customer solutions from 2018 to 2021 and senior vice president, offer chain from 2017 to 2018. Prior to that, Mr. Szilagyi spent 15 a long time with Lowe’s Companies, Inc., in a range of roles of growing accountability, which include chief offer chain officer from 2013 to 2016. At each MSC and Lowe’s, Mr. Szilagyi’s leadership assisted drive important enhancements in product sales expansion, basic safety, good quality, services and productiveness. Mr. Szilagyi will start out as Advance’s government vice president, main provide chain officer, and be part of Advance’s Leadership Staff on January 9, 2023.
“We are very grateful for the various contributions Reuben has created, initial as a board member of Progress from 2016 to 2018 and then as a member of Advance’s senior government team due to the fact Oct 2018,” explained Tom Greco, Advance’s president and main executive officer. “With his wealth of expertise and deep being familiar with of our business enterprise, under Reuben’s management, we have considerably enhanced our offer chain functions. Reuben also has designed a considerably more robust group and society in the offer chain corporation, making it an ideal time to make a management transition.”
Greco continued, “I’m psyched to welcome Steve to the Advance family members following an in depth research. As a seasoned and accomplished offer chain government with additional than 25 decades of expertise, Steve brings a deep being familiar with of the two retail and qualified enterprise to organization supply chain functions alongside with a proven track report of results, innovation and management. I seem forward to operating intently with him as we elevate the bar on the execution of our approach.”
Mr. Szilagyi will report directly to Greco. Equally Mr. Slone and Mr. Szilagyi will companion closely to assure a easy changeover, while Mr. Slone operates with the Progress staff in an advisory function by way of April 2023.
About Progress Car Parts
Progress Vehicle Elements, Inc. is a major automotive aftermarket parts company that serves each expert installer and do-it-your self prospects. As of October 8, 2022, Progress operated 4,747 merchants and 313 Worldpac branches mostly inside of the United States, with further places in Canada, Puerto Rico and the U.S. Virgin Islands. The organization also served 1,335 independently owned Carquest branded retailers across these places in addition to Mexico and a variety of Caribbean islands. Additional details about Advance, including employment prospects, shopper expert services, and on the net browsing for sections, add-ons and other choices can be identified at www.AdvanceAutoParts.com.
Ahead-Wanting Statements
Selected statements herein are “ahead-looking statements” in the meaning of the Non-public Securities Litigation Reform Act of 1995. Ahead-wanting statements are typically identifiable by phrases these types of as “foresee,” “consider,” “could,” “estimate,” “anticipate,” “forecast,” “steering,” “intend,” “probably,” “could,” “system,” “situation,” “feasible,” “probable,” “possible,” “venture,” “need to,” “system,” “will” or similar language. All statements other than statements of historic point are ahead-wanting statements, together with, but not restricted to, statements about the firm’s strategic initiatives, operational plans and targets, anticipations for financial conditions and recovery and long run enterprise and fiscal effectiveness, as well as statements regarding underlying assumptions linked thereto. Forward-searching statements reflect the company’s sights dependent on historic final results, present information and assumptions linked to future developments. Other than as may possibly be required by regulation, the company undertakes no obligation to update any forward-on the lookout statements made herein. Ahead-searching statements are topic to a quantity of dangers and uncertainties that could cause genuine outcomes to vary materially from individuals projected or implied by the ahead-wanting statements. They consist of, among other individuals, aspects linked to the timing and implementation of strategic initiatives, including with regard to labor shortages or disruptions and the effect on our skill to finish shop openings, deterioration of general macroeconomic circumstances, the extremely competitive mother nature of the firm’s marketplace, demand for the firm’s products and solutions and solutions, complexities in its inventory and offer chain, problems with transforming and growing its business and factors similar to the recent world wide COVID-19 pandemic. Be sure to refer to “Item 1A. Threat Factors.” of the company’s most the latest Once-a-year Report on Form 10-K, as updated by other filings produced by the business with the Securities and Trade Commission, for a description of these and other risks and uncertainties that could lead to precise final results to differ materially from those people projected or implied by the ahead-searching statements.
