AutoZone completes CEO transition; Rhodes becomes Executive Chairman, Daniele named President and CEO

AUTOZONE INC

William C. Rhodes steps down as CEO to Executive Chairman; Philip B. Daniele III becomes President and CEO effective Jan 2, 2024.
Daniele, a 30-year AutoZone veteran, appointed to the Board, expanding it from 10 to 11 directors.
Daniele's agreement provides 2.99x base salary severance in installments over 36 months if terminated without cause, plus prorated bonus and COBRA subsidy.
Non-compete and non-solicitation covenants for three years post-employment; confidentiality of proprietary information required.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

William C. Rhodes, III

Executive Chairman

AZO · AUTOZONE INC

Effective: 2024-01-02
Filed: January 3, 2024, 6:59 PM ET

William C. Rhodes, III shall step down as the President and Chief Executive Officer of AutoZone, Inc. (the “Company”) and assume the role of Executive Chairman of the Company

Appointed

Philip B. Daniele, III

President and Chief Executive Officer

AZO · AUTOZONE INC

Effective: 2024-01-02
Filed: January 3, 2024, 6:59 PM ET

Mr. Daniele will serve as the Company’s President and Chief Executive Officer, effective as of the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William C. Rhodes, III changed role as Executive Chairman at AUTOZONE INC.

Action: assumed the role of Executive Chairman
Role: Executive Chairman

Exact text from the filing

William C. Rhodes, III shall step down as the President and Chief Executive Officer of AutoZone, Inc. (the “Company”) and assume the role of Executive Chairman of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Philip B. Daniele, III was appointed as President and Chief Executive Officer at AUTOZONE INC.

Action: appointed as President and Chief Executive Officer
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Daniele will serve as the Company’s President and Chief Executive Officer, effective as of the Transition Date.

View on SEC.gov

AUTOZONE INC filing history →

Source: SEC EDGAR

accession 0001171843-24-000018

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