Advance Auto Parts Announces Leadership Transition

first_imgAdvance Auto Parts today announced that its board of directors has appointed President George Sherman to the additional role of interim CEO, effective Jan. 3, 2016, the beginning of the company’s next fiscal year. Sherman will succeed Darren Jackson, who will retire as CEO and step down from the board on Jan. 2, 2016, after more than 11 years with the company, including the past eight years as CEO.AdvertisementClick Here to Read MoreAdvertisementThe company also announced that, effective immediately, current Board Chairman John C. “Jack” Brouillard will become executive chairman. In this role, Brouillard will continue to provide board leadership and work closely in an advisory capacity with Sherman as the company continues to implement its long-term strategy. The board also named board member John Ferraro to take on the role of lead independent director.Brouillard said, “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.”Brouillard continued, “On behalf of the board, I want to thank Darren Jackson for his extraordinary service to Advance Auto Parts. During his eight years as CEO, Advance has doubled in size while growing its market value more than $10 billion and increasing its share price from $33 to $195. Darren’s leadership and commitment to excellence have transformed Advance into an industry leader that is well-positioned strategically, operationally and financially to capitalize on the opportunities that lie ahead.”AdvertisementSherman said, “I am honored to have the opportunity to lead Advance Auto Parts during this interim period. With increased scale and reach, including loyal DIY 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.”Jackson added, “It has been a privilege to lead this great company. Advance Auto Parts is well-positioned to build upon its position as a leading automotive aftermarket parts provider, and I am confident George will successfully guide Advance during this interim period in continuing to implement its strategic plan.”In other news, Advance has entered into an agreement with Starboard Value LP and its affiliates, which has an ownership stake of approximately 3.7 percent of Advance Auto Parts’ shares, regarding the membership and composition of the Advance Auto Parts Board.Under the terms of the agreement, Jeffrey Smith, Starboard’s CEO and chief investment officer, has been appointed to the Advance Auto Parts Board, effective immediately, and the size of the board has been expanded from 12 to 13 members. Smith will serve as chair of the nominating and corporate governance committee and also will be a member of the compensation and finance committees. In addition, Starboard will designate two independent directors to be added to the Advance board as soon as practical. The company will name two additional independent directors designated by the nominating and corporate governance committee for election at the company’s 2016 annual meeting. It is expected that following the 2016 annual meeting the board will have 12 or 13 members.last_img read more

No. 6 UWF Remains Undefeated in Win Over Southwest Baptist

first_imgNo. 6 UWF Remains Undefeated in Win Over Southwest Baptist ARKADELPHIA, Ark. – The No. 6 West Florida women’s tennis team (3-0, 2-0 GSC) blanked its third straight opponent in a 7-0 victory over Southwest Baptist at the indoor courts of the Heflin Tennis Center in Arkadelphia on Saturday. The Argonauts dispatched the Bearcats to remain perfect on the season.In doubles action, UWF dropped just five games combined in the three matches.  In the first spot, the No. 24 doubles team of Suzana Cavalcante (senior/Sao Paulo, Brazil) and Paulina Ojeda (sophomore/Santiago, Chile) defeated Johanna Olsson and Jolee Cook, 8-4. In the second spot No. 12 Renata Mattos (senior/Sao Paulo, Brazil) and Taylor Brewster (sophomore/Ontaro, Canada) dropped a single game in their 8-1 win over Jenna Hendrickson and Thish Moceo. Cammie Gray (freshman/Shalimar, Fla.) and Yana Bokareva (sophomore/Moscow, Russia) did not drop a game, defeating Sarah Sentlinger and Crystal Guiot, 8-0, to give the Argonauts the 3-0 lead.Playing in the first spot in singles, No. 2 Cavalcante only dropped three games in her 6-3, 6-0 win over Cook. In the second singles, Bokareva defeated Olsson with a doubles 6-2 score. In the following two matches, the Argonauts did not drop a game. No. 15 Ojeda played in the third spot and defeated Hendrickson, 6-0, 6-0. Gray kept her impressive mark of not dropping a game in singles play, defeating Guiot in the sixth spot. Due to a tight schedule, the No. 4 and No. 5 postion singles matches were not played, as the Argonauts had already clinched the match.West Florida will take on unranked GSC rival Henderson State this Sunday, March 1. The Argonauts will face the Lady Reddies at a neutral site in Arkadelphia, Ark., at 9 a.m.  For information on all UWF Athletics, visit www.GoArgos.com.#ARGOS#Singles#1 Suzana Cavalcante (UWF) def. Jolee Cook (SBU) 6-3, 6-0 #2 Yana Bokareva (UWF) def. Johanna Olsson (SBU) 6-2, 6-2#3 Paulina Ojeda (UWF) def. Jenna Hendrickson (SBU) 6-0, 6-0#4 Renata Mattos (UWF) vs. Trish Moceo (SBU) DNP#5 Taylor Brewster (UWF) vs. Sarah Sentlinger (SBU) DNP#6 Cammie Gray (UWF) def. Crystal Guiot (SBU) 6-0, 6-0Doubles#1 Cavalcante/Ojeda (UWF) def. Cook/Olsson (SBU) 8-4#2 Brewster/Mattos (UWF) def. Hendrickson/Moceo (SBU) 8-1#3 Bokareva/Gray (UWF) def. Sentlinger/Guiot (SBU) 8-0Print Friendly Version Paulina Ojeda (Photo by Ron Besser) center_img Sharelast_img read more

MSU’s Road Dawgs 2015 Tour consists of 10 stops

first_imgThe biggest names in Mississippi State athletics will begin traveling across the southeast on May 4 as part of the Road Dawgs 2015 Tour. The tour will consist of 10 stops beginning with Meridian.The annual fan-friendly event is a collaboration by the MSU Bulldog Club, MSU Alumni Association and local alumni chapters. Head coaches Dan Mullen, Ben Howland and Vic Schaefer, Director of Athletics Scott Stricklin and defensive coordinator Manny Diaz will be touring the region on various dates.Details on each tour stop are below. For more information, visit http://www.alumni.msstate.edu/roaddawgs.Monday, May 4: Meridian, Miss., hosted by Lauderdale County chapter Time: 6 p.m. social and buffet, 6:30 p.m. programSpeakers: Ben Howland, Manny DiazLocation: Kahlmus Auditorium on MSU-Meridian campusCost: $10 adults, free for kidsRSVP: Fred Monsour (601-693-9571 or msubulldog505@yahoo.com)Thursday, May 7: Grenada, Miss., hosted by Grenada-Montgomery chapterTime: 6 p.m. social and buffet, 7 p.m. programSpeakers: Scott Stricklin, Manny DiazLocation: Perry Creek Golf Club, 2213 Country Club DriveCost: $20 adults, $10 kids (ages 12 and under)RSVP: Fran Harper (662-417-2481 or fharper98@gmail.com)Monday, May 11: Olive Branch, Miss., hosted by DeSoto County chapter Time: 11:30 a.m. social and buffet, 12 p.m. programSpeakers: Dan Mullen, Ben Howland, Vic Schaefer, Scott StricklinLocation: Cherokee Valley Golf Club, 6635 Crumpler Blvd.Cost: Free admissionRSVP: Michael Parker (662-895-2000) or Randy Allen (662-892-1645)Monday, May 11: Biloxi, Miss., hosted by Harrison-Stone chapter Time: 6 p.m. social and buffet, 7 p.m. programSpeakers: Dan Mullen, Ben Howland, Vic Schaefer, Scott StricklinLocation: Beau Rivage Pavilion, 875 Beach Blvd.Cost: $15 adults, $5 students (ages 11 to 18, free for kids 10 and underRSVP: Jeff Ellis (228-697-4347 or CoastDawgs@gmail.com)Tuesday, May 12: Natchez, Miss., hosted by Adams-Franklin-Wilkinson chapter Time: 11:30 a.m. social and lunch, 12 p.m. programSpeakers: Dan Mullen, Ben Howland, Vic Schaefer, Scott StricklinLocation: Hotel Vue, 130 John R. Junkin DriveCost: $20 per personRSVP: Lou Ann Jordan (601-870-1011 or loucjordan@gmail.com)Tuesday, May 12: Houston, Texas, hosted by Greater Houston chapter Time: 6 p.m. social & Hors d’oeuvres, 7 p.m. programSpeakers: Dan Mullen, Vic Schaefer, Scott StricklinLocation: Majestic Metro, 911 Preston StreetCost: $20 per person RSVP, $50 per family RSVP, $25 per person walk up, $50 per family walk upRSVP: houdawgchapter@gmail.comWednesday, May 13: Birmingham, Ala., hosted by Birmingham chapter Time: 6 p.m. social and buffet, 7 p.m. programSpeakers: Dan Mullen, Vic SchaeferLocation: Hoover Country Club, 3140 Club DriveCost: $35 per person (ages 12 and older), $60 reserved seating, $10 per child (ages 11 and under)RSVP: BirminghamBulldogs.com, secretary@birminghambulldogs.comThursday, May 14: Greenville, Miss., hosted by Washington County chapter Time: 6 p.m. social and buffet, 7 p.m. programSpeakers: Dan Mullen, Vic SchaeferLocation: Greenville Country Club, 2476 Hwy 1Cost: $25 per adult (age 16 or older), $15 per student (age 5 to 15), free for kids 4 and underRSVP: Bill Allen (662-379-3183) or Andy Dixon (662-332-6214) or Mary Claire Glasco (662-344-9031)Monday, May 18: Tupelo, Miss., hosted by Lee County chapter Time: 6 p.m. social and buffet, 6:30 p.m. programSpeakers: Ben Howland, Vic Schaefer, Manny Diaz, Scott StricklinLocation: Tupelo Furniture Market, Building #4, 1879 Coley RoadCost: $15 per person, $25 per couple, $5 per child (ages 12 and under)RSVP: Donna McNeece (dhm2310@gmail.com)Tuesday, May 19: Vicksburg, Miss., hosted by Warren County chapter Time: 6 p.m. social and buffet, 6:30 p.m. programSpeakers: Manny DiazLocation: Vicksburg Convention Center, 1600 Mulberry StreetCost: $13 per personRSVP: Josh McBride (jmcbride@maycpa.com or 601-618-8452)last_img read more