Advance Auto Parts Names Jeffrey Shepherd Chief Accounting Officer
Proven Executive with Extensive Finance and Auto Industry Expertise to Lead Accounting Function
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider that serves both professional installer
and do-it-yourself customers, announced that Jeffrey (Jeff) Shepherd has been appointed Senior Vice President, Corporate Controller
and Chief Accounting Officer, effective today, March 1, 2017.
Mr. Shepherd, 44, brings more than 23 years of experience in accounting and finance to Advance Auto Parts. Mr. Shepherd joins
Advance from General Motors (GM), where he served as Controller for General Motors Europe since 2015. Prior to that role, he served
as Director – Consolidation and SEC Reporting, and Director – Analysis and Reporting with GM. Before joining GM, Mr. Shepherd
served in a variety of leadership roles with Ernst & Young.
“I am excited to have Jeff join Advance. His extensive accounting experience and financial acumen, particularly within the
automotive industry, will be valuable assets to the Company as we move forward with executing our strategic business plan,” said
Tom Okray, Chief Financial Officer.
Mr. Shepherd said, "I look forward to joining the Advance team and contributing to the Company's strategic objectives. I am
excited to be part of a great team of finance professionals and to lead the accounting function as we execute a well-defined
roadmap."
Jeff Shepherd Biography
Mr. Shepherd joins Advance Auto Parts from General Motors, which he joined in 2010 as Director, Analysis and Reporting. In June
2013, Mr. Shepherd became Director, Consolidation and SEC Reporting, where he implemented process improvement measures to reduce
time to close and report results internally and externally. In July 2015, he became Controller – General Motors Europe, where he
led a team of over 100 professionals and improved the structure of the regional Controllership function, improving processes and
responsibility over the accounting, reporting and controls functions. Prior to joining General Motors in 2010, Mr. Shepherd held
various leadership positions at Ernst & Young, including Advisory Services Partner and Assurance and Advisory Services Senior
Manager in San Francisco, Zurich, Switzerland, and Detroit. Mr. Shepherd earned a bachelor’s degree in business administration with
accounting emphasis from Central Michigan University.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and
do-it-yourself customers. As of December 31, 2016, Advance operated 5,062 stores and 127 WORLDPAC branches and employed 74,000
Team Members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The company also serves approximately 1,250
independently owned Carquest branded stores across these locations in addition to Mexico and the Bahamas, Turks and Caicos, British
Virgin Islands and Pacific Islands. Additional information about the Company, employment opportunities, customer services, and
on-line shopping for parts, accessories and other offerings can be found on the Company's website at www.AdvanceAutoParts.com.
Forward Looking Statements
Certain statements contained in this release are forward-looking statements, as that term is used in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements address future events or developments, and typically use words such as
believe, anticipate, expect, intend, plan, forecast, outlook or estimate. These forward looking statements include, but are not
limited to, key assumptions for 2017 financial performance including adjusted operating income; statements regarding expected
growth and future performance of Advance Auto Parts, Inc. (AAP), including store growth, capital expenditures, comparable store
sales, gross profit rate, SG&A, adjusted operating income, free cash flow, income tax rate, General Parts integration costs and
adjusted operating income rate targets; expectations regarding leadership changes and their impact on the company’s strategies,
opportunities and results; statements regarding enhancements to shareholder value; statements regarding strategic plans or
initiatives, growth or profitability; and all other statements that are not statements of historical facts. These forward-looking
statements are subject to significant risks, uncertainties and assumptions, and actual future events or results may differ
materially from such forward-looking statements. Such differences may result from, among other things, AAP’s ability to implement
its business and growth strategy; ability to attract, develop and retain executives and other employees; changes in regulatory,
social and political conditions, as well as general economic conditions; competitive pressures; demand for AAP’s products; the
market for auto parts; the economy in general; inflation; consumer debt levels; the weather; business interruptions; information
technology security; availability of suitable real estate; dependence on foreign suppliers; and other factors disclosed in AAP’s
10-K for the fiscal year ended December 31, 2016 and other filings made by AAP with the Securities and Exchange Commission. Readers
are cautioned not to place undue reliance on these forward-looking statements. AAP intends these forward-looking statements to
speak only as of the time of this communication and does not undertake to update or revise them as more information becomes
available.
Advance Auto Parts, Inc.
Media Contact
Laurie Stacy, 540-561-1206
laurie.stacy@advanceautoparts.com
or
Investor Contact
Zaheed Mawani, 919-573-3848
zaheed.mawani@advanceautoparts.com
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