AutoZone Announces Organization Changes

Rhea-AI Summary

AutoZone (NYSE: AZO) announced key organizational changes effective June 17, 2021, aimed at enhancing growth. Phil Daniele moves to Executive Vice President, Merchandising, Marketing, and Supply Chain. Preston Frazer ascends to Executive Vice President, Store Operations, Commercial, and Loss Prevention. Tom Newbern takes on the role of Executive Vice President, International, IT, and ALLDATA, while Mark Finestone is promoted to Executive Vice President, Strategy, and Innovation. These promotions highlight the company's commitment to performance and strategic positioning for future growth.

Positive

• Promotions of experienced leaders, indicating strong internal management.
• Strategic organizational changes aimed at future growth.

Negative

• None.

MEMPHIS, Tenn., June 17, 2021 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced changes to the organization. Phil Daniele, a twenty-seven year AutoZoner, currently Senior Vice President, Commercial, has been promoted to Executive Vice President, Merchandising, Marketing, and Supply Chain.   Preston Frazer, a fourteen year AutoZoner, currently Senior Vice President, Store Operations, has been promoted to Executive Vice President, Store Operations, Commercial and Loss Prevention.

Additionally, Tom Newbern, a thirty-seven year AutoZoner, will now serve as Executive Vice President, International, Information Technology and ALLDATA. Mark Finestone, an eighteen year AutoZoner, will now serve as Executive Vice President, Strategy and Innovation.

“These moves strategically position AutoZone for accelerated future growth while allowing us to remain disciplined and laser-focused on our growth opportunities.   Phil, Preston, Tom and Mark are all veteran AutoZoners and proven leaders who have led, cultivated and positively influenced all aspects of our business. Each of these tremendous leaders is well-positioned to continue leading the organization and serving our customers for many years to come,” said Bill Rhodes.

About AutoZone (NYSE:AZO)
As of May 8, 2021, the Company had 5,975 stores in the U.S., 635 stores in Mexico and 47 stores in Brazil for a total store count of 6,657. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.  Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations, and public sector accounts.  AutoZone also sells the ALLDATA brand diagnostic and repair software through www.alldata.com. Additionally, AutoZone sells automotive hard parts, maintenance items, accessories, and non-automotive products through www.autozone.com and our commercial customers can make purchases through www.autozonepro.com.  AutoZone does not derive revenue from automotive repair or installation.

Contact Information:

Media: David McKinney, 901-495-7951, david.mckinney@autozone.com

Financial: Brian Campbell, 901-495-7005, brian.campbell@autozone.com

FAQ

What are the recent management changes at AutoZone (AZO)?

AutoZone announced several management promotions including Phil Daniele as Executive Vice President, Merchandising, Marketing, and Supply Chain, and Preston Frazer as Executive Vice President, Store Operations, Commercial, and Loss Prevention, effective June 17, 2021.

How many stores does AutoZone operate as of May 2021?

As of May 8, 2021, AutoZone operates 6,657 stores, including 5,975 in the U.S., 635 in Mexico, and 47 in Brazil.

What is AutoZone's focus following their organizational changes?

AutoZone's recent organizational changes are designed to position the company for accelerated future growth while maintaining a focus on operational discipline.

Who are the newly appointed executives at AutoZone?

The newly appointed executives at AutoZone include Phil Daniele, Preston Frazer, Tom Newbern, and Mark Finestone, all of whom have extensive experience with the company.