O'Reilly Automotive, Inc. Announces Executive Management Changes
13 Dezembro 2012 - 9:30PM
O'Reilly Automotive, Inc. (the "Company") (Nasdaq:ORLY), a leading
retailer in the automotive aftermarket industry, today announced
that effective January 1, 2013, after 42 years of exceptional
service, Ted Wise will transition from his current position as
Chief Operating Officer and Co-President and will continue his
employment with the Company as Executive Vice-President of
Expansion. Also effective January 1, 2013, Jeff Shaw, Senior
Vice-President of Store Operations and Sales, will be promoted to
the position of Executive Vice-President of Store Operations and
Sales.
Greg Henslee, Chief Executive Officer and President of O'Reilly,
commented, "Ted is an extremely valuable member of Team O'Reilly
and has been instrumental in developing our Dual-Market-Strategy
and helping to grow our Company into the great organization that we
are today. Ted began his career in the stores and was the Company's
first district manager. In 1984, he was named the first
vice-president and was promoted to executive vice-president in
1990. He was named Co-President in 1999 and in 2005 he assumed his
current position of COO and Co-President. Over the last five years,
driven by the CSK acquisition, our store count has more than
doubled, and Ted has spent much of his time analyzing existing and
acquired properties, making lease renewal, renovation and
relocation decisions, as well as overseeing our new store growth.
Ted's new role will allow him to focus on real estate and continue
to be actively engaged in our business, while also affording him
the opportunity to spend more time with his family. We are
very fortunate and grateful that Ted will remain a member of our
executive management team, where we will continue to benefit from
his years of experience."
Mr. Wise commented, "It is an honor and a privilege to have
worked side-by-side with the members of the O'Reilly family, the
best management team in the industry and over 50,000 hard-working
and dedicated Team Members for so many years, and I am thankful for
their support and friendship. I am excited to transition into
my new role with the Company as I continue to focus my efforts on
our profitable growth. Although I will be working fewer hours
beginning in January, I will still be very involved with the
business and my commitment to our future success has not
changed. Over the past several years, Jeff Shaw and I have
worked very closely together managing our store and sales teams,
and he has taken over the primary responsibility for managing these
areas, I am very confident that he is more than ready for his new
position. He is a proven and well respected leader inside our
organization, and he understands that our success depends on
delivering industry leading customer service to each of our
customers every day."
Mr. Shaw has been an O'Reilly Team Member for 24 years. His
career with the Company began at the store level as a parts
specialist and he has held store manager, district manager,
regional manager, divisional vice-president and vice-president
positions prior to his current role as Senior Vice-President of
Store Operations and Sales, a position that he assumed in
2004. During his tenure with the Company, Mr. Shaw has worked
in multiple markets across the country and has lead the store
operations integration of several major acquisitions. In his
new role as Executive Vice-President of Store Operations and Sales,
Mr. Shaw will assume full responsibility for all store operations
and sales.
Mr. Henslee added, "We are steadfast in our commitment to
long-term profitable growth and we are confident that both Ted and
Jeff will provide our operations and real estate teams with the
leadership necessary to drive our growth. We are very
fortunate to have a strong bench of very talented and experienced
vice-presidents and senior managers within our organization who
will provide us with great leadership long into the future."
About O'Reilly Automotive, Inc.
O'Reilly Automotive, Inc. is one of the largest specialty
retailers of automotive aftermarket parts, tools, supplies,
equipment and accessories in the United States, serving both the
do-it-yourself and professional service provider
markets. Founded in 1957 by the O'Reilly family, the Company
operated 3,896 stores in 39 states as of September 30, 2012.
The O'Reilly Automotive, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5430
Forward-Looking Statements
The Company claims the protection of the safe-harbor for
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify
these statements by forward-looking words such as "expect,"
"believe," "anticipate," "should," "plan," "intend," "estimate,"
"project," "will" or similar words. In addition, statements
contained within this press release that are not historical facts
are forward-looking statements, such as statements discussing among
other things, expected growth, store development, integration and
expansion strategy, business strategies, future revenues and future
performance. These forward-looking statements are based on
estimates, projections, beliefs and assumptions and are not
guarantees of future events and results. Such statements are
subject to risks, uncertainties and assumptions, including, but not
limited to, competition, product demand, the market for auto parts,
the economy in general, inflation, consumer debt levels,
governmental regulations, the Company's increased debt levels,
credit ratings on the Company's public debt, the Company's ability
to hire and retain qualified employees, risks associated with the
performance of acquired businesses such as CSK Auto Corporation,
weather, terrorist activities, war and the threat of
war. Actual results may materially differ from anticipated
results described or implied in these forward-looking
statements. Please refer to the "Risk Factors" section of the
annual report on Form 10-K for the year ended December 31, 2011,
for additional factors that could materially affect the Company's
financial performance. The Company undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise.
CONTACT: Investor & Media Contact
Mark Merz (417) 829-5878
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