Advance Auto Parts said it has appointed Jeff Shepherd to executive vice president, CFO, effective Aug. 12.
Shepherd had been serving as Advance’s interim CFO since April, in addition to his responsibilities as controller and chief accounting officer.
The company also announced the appointments of Reuben Slone to executive vice president, supply chain, and Nigel Travis to the board of directors.
Jeff Shepherd
Shepherd joined Advance during the first quarter of 2017 from General Motors, where he served most recently as controller for General Motors Europe. Prior to that role, Shepherd served in various accounting and finance leadership roles at GM.
A certified public accountant, Shepherd also worked at Ernst & Young for more than 15 years and was a partner with the firm.
“After conducting an extensive search for a CFO, I am thrilled to have Jeff taking on this important role,” said Tom Greco, president and CEO of Advance Auto Parts. “During his time at Advance, Jeff has been a tremendous thought partner and trusted advisor to me and the entire leadership team. In addition to Jeff’s impressive global finance background, he is a highly respected leader throughout our organization and has played an integral role in building a talented and highly cohesive finance organization. I am confident Jeff is the right leader for this critical position, and the entire team and I look forward to continuing to work closely with him.”
Reuben Slone
Slone, who will join Advance on Oct. 3, will be responsible for the company’s supply chain and procurement functions. He will assume the supply chain responsibilities, as Leslie Starr Keating, executive vice president, supply chain strategy and transformation, will be retiring at the end of the year.
“In the coming months, Keating and Slone will work together to ensure a seamless transition,” Advance said.
Slone joins Advance from Walgreens, where he most recently served as senior vice president, supply chain, and was responsible for inventory management and replenishment, imports, transportation, distribution-center operations and logistics.
Prior to Walgreens, Slone served in a number of senior supply chain and operational leadership roles at OfficeMax, General Motors and Federal-Mogul, among others. He also has served as a member of Advance’s board of directors since 2016.
With his new appointment, Slone will resign from his role on Advance’s board of directors effective Oct. 3.
“We are extremely excited to have Reuben join our executive leadership team at this point in our transformation,” said Greco. “After serving for more than two years on our board of directors, Reuben has a deep understanding of our business and our strategic vision for the future. This knowledge, coupled with his proven track record in leadership roles as well as his extensive omnichannel fulfillment experience, will be a great addition to our already strong supply chain team.”
Greco also credited Keating for coming out of retirement in early 2017 “at my request to help build our end-to-end supply chain strategy, strengthen our supply chain leadership team and ultimately, help us find her successor.”
“She has delivered flawlessly against all of these objectives and positioned us well for continued success,” Greco added. “We thank her for her numerous contributions and wish her nothing but the best in her retirement.”
Nigel Travis
Travis, who currently serves as Dunkin Brands’ executive chairman, recently retired from his CEO position at the company after serving as chairman and CEO. Previously, Travis also served in executive leadership roles at several global companies within the retail and restaurant industries.
“Adding Nigel to the board is wonderful for Advance, our shareholders and our customers,” said Jeffrey Smith, chair of the board of directors. “He is a highly respected global executive who will complement what is already an extremely talented board. While at Dunkin Brands, Nigel architected what is viewed as one of the more successful turnaround stories in recent history and we look forward to leveraging his wealth of experience as we continue our own transformation at Advance.”