Advance Auto Parts names Shane O'Kelly as CEO, appoints interim CFO

ADVANCE AUTO PARTS INC

Shane O'Kelly appointed President, CEO and director effective Sep 11, 2023; base salary $1.125M, target bonus 150%.
O'Kelly receives sign-on cash bonuses totaling $2M and equity (78,982 RSUs, 150,000 options) with three-year vesting.
Interim CFO Anthony Iskander appointed effective Aug 18; base salary $406K, monthly $25K stipend, $500K RSU grant.
Current CEO Tom Greco remains until Sep 11, then advisor through Mar 2024; prior CFO Jeff Shepherd separated without disagreement.
O'Kelly joins from HD Supply (Home Depot subsidiary) where he served as CEO since Dec 2020.

item 5.02 item 9.01

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Appointed

Shane M. O’Kelly

President, Chief Executive Officer

AAP · ADVANCE AUTO PARTS INC

Effective: 2023-09-11
Filed: August 23, 2023, 7:59 PM ET

appointed Shane M. O’Kelly, 54, to the position of President, Chief Executive Officer and as a director of the Company, commencing September 11, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Shane M. O’Kelly was appointed as President, Chief Executive Officer at ADVANCE AUTO PARTS INC.

Action: appointed
Role: President, Chief Executive Officer

Exact text from the filing

appointed Shane M. O’Kelly, 54, to the position of President, Chief Executive Officer and as a director of the Company, commencing September 11, 2023.

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ADVANCE AUTO PARTS INC filing history →

Source: SEC EDGAR

accession 0001193125-23-218433

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