O’Reilly Automotive, Inc. Announces Executive Leadership Promotions
06 Janeiro 2023 - 4:30PM
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq:
ORLY), a leading retailer in the automotive aftermarket industry,
announced executive leadership promotions. Effective January 9,
2023, Brad Beckham, the Company’s Executive Vice President and
Chief Operating Officer, and Brent Kirby, the Company’s Executive
Vice President and Chief Supply Chain Officer, will each be
promoted to Co-Presidents. Mr. Beckham and Mr. Kirby will continue
to report to Greg Johnson, who currently serves as the Company’s
President and Chief Executive Officer (“CEO”) and will remain in
his role as CEO but pass on the title and role of President to Mr.
Beckham and Mr. Kirby.
Mr. Johnson commented, “O’Reilly’s promote from
within philosophy is a pillar of our Culture and a key driver to
our long-term success. We are very fortunate to have Brad and
Brent’s outstanding executive leadership experience in our Company,
and I am extremely confident in their ability to successfully take
on these new roles as Co-Presidents. During my time as CEO, Brad
and Brent have both been critical members of the O’Reilly
leadership team, with Brad leading our store operations and sales
and Brent leading our supply chain and omnichannel initiatives.
Their extensive experience and significant industry knowledge,
combined with that of our long-tenured executive management team,
position our Company to drive continued profitable growth long into
the future.”
Mr. Beckham will be responsible for all domestic
and international store operations and sales, real estate and
expansion, human resources, legal, risk management, training, and
finance. Mr. Kirby will be responsible for merchandise,
distribution, logistics, inventory management, pricing, store
design, advertising/marketing, electronic catalog, customer
satisfaction, omnichannel, and information technology.
About Brad BeckhamMr. Beckham,
age 44, has been an O’Reilly Team Member since 1996. Mr. Beckham’s
O’Reilly career began as a Parts Specialist and progressed through
the roles of Store Manager, District Manager, Regional Manager,
Divisional Vice President, Vice President of Eastern Store
Operations and Sales, Senior Vice President of Eastern Store
Operations and Sales, Senior Vice President of Central Store
Operations and Sales, and Executive Vice President of Store
Operations and Sales. Mr. Beckham has held the position of
Executive Vice President and Chief Operating Officer since January
of 2022.
About Brent KirbyMr. Kirby, age
54, has been an O’Reilly Team Member since 2018. Mr. Kirby began
his 35 year retail career with Lowe’s Companies, Inc. (“Lowe’s”) as
a hardware associate and progressed through various positions at
the store, district and, regional levels before being promoted to
Senior Vice President of Store Operations and later Chief
Omnichannel Officer. Prior to joining O’Reilly, Mr. Kirby held the
position of Chief Supply Chain Officer for Lowe’s. In 2018, Mr.
Kirby’s O’Reilly career began as Senior Vice President of
Omnichannel and progressed through the role of Executive Vice
President of Supply Chain. Mr. Kirby has held the position of
Executive Vice President and Chief Supply Chain Officer since
January of 2022.
About O’Reilly Automotive,
Inc.O’Reilly Automotive, Inc. was founded in 1957 by the
O’Reilly family and 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. Visit the Company’s
website at www.OReillyAuto.com for additional information about
O’Reilly, including access to online shopping and current
promotions, store locations, hours and services, employment
opportunities and other programs. As of September 30, 2022, the
Company operated 5,910 stores in 47 U.S. states and 28 stores in
Mexico.
Forward-Looking StatementsThe
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 “estimate,” “may,”
“could,” “will,” “believe,” “expect,” “would,” “consider,”
“should,” “anticipate,” “project,” “plan,” “intend” 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, the COVID-19 pandemic
or other public health crises; the economy in general; inflation;
consumer debt levels; product demand; the market for auto parts;
competition; weather; tariffs; availability of key products and
supply chain disruptions; business interruptions, including
terrorist activities, war and the threat of war; failure to protect
our brand and reputation; challenges in international markets;
volatility of the market price of our common stock; our increased
debt levels; credit ratings on public debt; historical growth rate
sustainability; our ability to hire and retain qualified employees;
risks associated with the performance of acquired businesses;
information security and cyber-attacks; and governmental
regulations. 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, 2021, and
subsequent Securities and Exchange Commission filings for
additional factors that could materially affect the Company’s
financial performance. Forward-looking statements speak only as of
the date they were made and the Company undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required
by applicable law.
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For further information
contact: |
Investor & Media
Contacts |
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Mark Merz (417) 829-5878 |
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Eric Bird (417) 868-4259 |
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