Advance Auto Parts Inc. has named Thomas Greco as CEO and a director, effective April 11. Greco will succeed George Sherman, who has served as interim CEO since January 2016. Sherman continues as president of Advance Auto Parts, a position he has held since April 2013.
Greco joins Advance Auto Parts following a successful 30-year career at PepsiCo Inc. Most recently, he served as CEO of Frito-Lay North America, where he was responsible for PepsiCo’s $14.8 billion snack and convenient foods business in the U.S. and Canada. During his tenure, Greco led PepsiCo’s operating segment in consistently driving sales and improved operating profits. He brings experience in leading a sales-driven organization with more than 55,000 employees as well as significant expertise in managing a complex operational infrastructure, transforming the supply chain and retooling go-to-market systems to better meet the needs of both large and smaller customers.
Jack Brouillard, executive chairman, said, “After a thorough search, we are pleased to have found an exceptional leader and operator with a proven track record of designing and executing winning strategies, driving profitable growth and building an exceptional talent base. The board is confident that Advance will benefit from Tom’s commercial expertise and energetic, solutions-oriented approach to leading complex, customer-focused operations in a competitive environment. The board looks forward to working closely with Tom and the rest of our talented executives as we build value for our shareholders, customers and team members.”
Brouillard continued, “I would also like to thank George Sherman for his contributions as interim CEO. Under George’s leadership, the company has continued to take actions to drive improved profitability and we look forward to continuing to benefit from George’s valuable experience as an ongoing member of the leadership team.”