Advance Auto Parts Names Valvoline™ Global 2024 Vendor Partner of the Year

Rhea-AI Summary

Advance Auto Parts (NYSE: AAP) has named Valvoline™ Global as its 2024 Vendor Partner of the Year during their annual 'Accelerate' vendor appreciation event in Orlando, FL. The recognition highlights Valvoline's exceptional performance in product launches, fill rates, store innovation, and system implementation.

The company also recognized ten additional vendors for outstanding contributions across various categories. Notable winners include MotoRad, DriV, and Pulsar for category management services; Josco Inc. for vendor representation; ITW Global Brands for e-commerce excellence; Wetherill Associates for visionary partnership; Dorman Products for supply chain optimization; Highline Warren for inventory management; Premium Guard for professional excellence; and Chemical Guys for DIY excellence.

Positive

• Recognition of strong vendor partnerships indicating robust supply chain relationships
• Successful implementation of new systems and processes with key partners
• Diversified vendor base across multiple operational areas

Negative

• None.

Automotive aftermarket parts provider recognizes ten additional vendor partners

RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, presented its 2024 Vendor of the Year Award to Valvoline ™ Global during “Accelerate,” the Company’s annual vendor appreciation and leadership kickoff event in Orlando, FL. This year, the Company brought together valued vendors and team members in one place to fuel incredible energy behind executing Advance’s three-year strategic plan, while honoring companies that make a positive impact on the business.

Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, presented its 2024 Vendor of the Year Award to Valvoline ™ Global during “Accelerate,” the Company’s annual vendor appreciation and leadership kickoff event in Orlando, FL. (Photo: Business Wire)

“We want to recognize and congratulate vendors like Valvoline that provide the collaboration, partnership, and expertise critical for delivering fast, reliable service,” said Bruce Starnes, Executive Vice President, Chief Merchant. “We see passion and performance from our vendors every day, which helps drive solutions to better meet the needs of our DIY and professional customers. We thank all our vendors for their contributions to Advance Auto Parts.”

2024 Vendor Partner of the Year: Valvoline ™ Global

The quick, easy, trusted leader in preventive automotive maintenance, is an extraordinary partner. Valvoline plays a role in the launch of new products with exceptional fill rates, delivers innovation in stores for customers, and supports the launch of new systems and processes. Valvoline consistently showcases their belief in collaboration, building strong partnerships, and best-in-class services.

Award Winners

This is How We Advance Awards: MotoRad, DriV, and Pulsar
MotoRad, DriV, and Pulsar provide leading category management services, deliver accurate data, and go above and beyond to provide exemplary service.

Vendor Rep Partner of the Year Award: Josco Inc.
Josco’s strategic approach enabled Advance to stand up the Carquest Premium Undercar Specialist and Trainer Team.

Excellence in Ecomm Partner of the Year Award: ITW Global Brands
ITW’s proactive collaboration across teams ensures Advance’s customers have the right information to make informed purchase decisions.

Visionary Partner of the Year Award: Wetherill Associates
Wetherill Associates approaches challenges with creativity and collaboration, proactively delivering solutions that align with Advance’s business needs.

Supply Chain Partner of the Year Award: Dorman Products Inc.
Dorman’s dedication to working across all functions within Advance’s supply chain defined delivery optimization.

Inventory Partner of the Year Award: Highline Warren
Highline Warren’s commitment to drive shared successes paved the way for Advance’s team members to expedite orders fast.

Professional Excellence Champion: Premium Guard
Premium Guard is dedicated to working cross functionally, to produce coverage expansion solutions, and always willing to go the extra mile.

DIY Excellence Champion: Chemical Guys
Chemical Guys’ approach to the category through the introduction of bold, innovative items has generated a loyal following among DIY customers.

About Advance Auto Parts

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 1,125 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250128752127/en/

Investor Relations Contact:

Lavesh Hemnani

T: (919) 227-5466

E: invrelations@advance-auto.com

Media Contact:

Nicole Ducouer

T: (984) 389-7207

E: AAPCommunications@advance-auto.com

Source: Advance Auto Parts, Inc.

FAQ

Who won Advance Auto Parts' 2024 Vendor Partner of the Year award?

Valvoline™ Global was named Advance Auto Parts' 2024 Vendor Partner of the Year during the company's 'Accelerate' event in Orlando, FL.

What are the key achievements that led to Valvoline winning AAP's top vendor award?

Valvoline won due to their exceptional performance in new product launches, maintaining high fill rates, delivering store innovations, and supporting new systems and processes implementation.

Which companies received AAP's 'This is How We Advance' awards in 2024?

MotoRad, DriV, and Pulsar received the 'This is How We Advance' awards for their leading category management services and exemplary service delivery.

Who won AAP's Excellence in Ecomm Partner of the Year Award for 2024?

ITW Global Brands won the Excellence in Ecomm Partner of the Year Award for their proactive collaboration in providing customers with accurate purchase information.