Monro appoints AlixPartners' Peter Fitzsimmons as CEO; Michael Broderick departs

MONRO, INC.

Board terminated Michael T. Broderick as President/CEO effective March 27, 2025; he receives termination without cause compensation.
Peter Fitzsimmons, Partner/Managing Director at AlixPartners, named President and CEO effective March 28, 2025.
Monro enters consulting agreement with AlixPartners: $800k assessment fee, up to $4M for additional services.
Monthly fee of $250k for Fitzsimmons' services under Engagement Letter with AP Services, LLC.
Fitzsimmons to develop performance improvement plan to enhance operations, drive profitability, and increase shareholder returns.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael T. Broderick

President and Chief Executive Officer

MNRO · MONRO, INC.

Effective: 2025-03-27
Successor: Peter Fitzsimmons
Filed: March 31, 2025, 7:59 PM ET

On March 27, 2025, the Board terminated Michael T. Broderick from his positions as President and Chief Executive Officer of the Company effective immediately.

Appointed

Peter Fitzsimmons

President and Chief Executive Officer

MNRO · MONRO, INC.

Effective: 2025-03-28
Filed: March 31, 2025, 7:59 PM ET

On March 28, 2025, the Board of Directors (“Board”) of Monro, Inc. (the “Company”) appointed Peter Fitzsimmons to serve as the President and Chief Executive Officer of the Company effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael T. Broderick was terminated as President and Chief Executive Officer at MONRO, INC..

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

On March 27, 2025, the Board terminated Michael T. Broderick from his positions as President and Chief Executive Officer of the Company effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Fitzsimmons was appointed as President and Chief Executive Officer at MONRO, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On March 28, 2025, the Board of Directors (“Board”) of Monro, Inc. (the “Company”) appointed Peter Fitzsimmons to serve as the President and Chief Executive Officer of the Company effective immediately.

View on SEC.gov

MONRO, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-068897

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