Pep Boys has appointed David Willetts as its newest CEO, according to a report from Chain Storage Age.
Willetts will be succeeding Scott Collette, who has held the role of CEO since February 2023. Prior to that position, Collette held a 32-year career at Menards, where he served as COO from 2007 to 2022.
Following his departure from the role of CEO, Collette will become COO of Pep Boys, where he will focus on continuing Greenfield initiatives, acquisitions, and evaluating new service offerings.
Icahn Enterprises L.P., the investment arm of billionaire investor Carl C. Icahn, acquired the Pep Boys brand in 2016 in a deal valued at $1.03 billion. Following Willetts' appointment as CEO, Icahn credited him with improving the operational performance of the company’s portfolio companies.
“We believe David's skill set is particularly suited to work on a day-to-day basis to drive the significant value creation potential in Pep Boys,” said Icahn.
