Advance Auto Parts appoints Michael Beland as Chief Accounting Officer, effective Jan 5, 2025

ADVANCE AUTO PARTS INC

Michael Beland appointed SVP, Controller & CAO, effective January 5, 2025.
Compensation: $400K base salary, 65% bonus target, $200K signing bonus (repayable if resigns within 2 years).
Initial equity grant of ~$410K in RSUs vesting over 3 years; annual equity expected ~$350K.
Loyalty agreement: severance of 1x base+bonus, outplacement up to $12K, medical benefits for 52 weeks, 1-year non-compete.

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