Advance Auto Parts Names New CEO

Aug. 23, 2023
Shane O'Kelly will become the president and CEO of the company, effective September 11.

The board of directors at Advance Auto Parts has named Shane O'Kelly as president and CEO, effective on Sept. 11, according to a press release. O'Kelly will also join the board of directors on that date.

O'Kelly, 54, has more than 40 years of professional experience. Most recently, he was CEO of HD Supply, a subsidiary of Home Depot. Prior to that, he was the CEO of PetroChoice, the country's largest distributor of lubricants, the press release says. Before that, he was CEO of AH Harris, a construction supply distributor.

O'Kelly also served as a U.S. Army captain and has an MBA from Harvard Business School, as well as a bachelor's degree from the U.S. Military Academy at West Point.

“I am honored to be joining Advance at such an important inflection point for the company," O'Kelly said in the release. "I have great respect for the talented team members at Advance and all that has been accomplished, including the team’s relentless focus on delivering for customers while navigating the challenging competitive and macroeconomic environment. As we undertake an operational and strategic review of the business, I look forward to working alongside the entire Advance team and our board of directors to drive growth, operational excellence and value for all stakeholders.”

O'Kelly succeeds Tom Greco, who was CEO at Advance since 2016. Greco will retire but stay on as an advisor during the transition.

Additionally, Advance announced Tony Iskander as interim chief financial officer, succeeding Jeff Shepherd. A search is under way for the next permanent CFO.