Advance Auto Parts announces leadership transition
Mr. Sherman joined Advance Auto Parts as President in April 2013, and has been responsible for growing the business and driving excellence throughout the Company’s operations.
Mr. Sherman has led the Company’s Commercial Sales, Field Operations, Merchandising, Marketing, Supply Chain and IT Teams.
Prior to joining Advance Auto Parts, Mr. Sherman served as Senior Vice President, Best Buy Services, for Best Buy Co.
Previously, Mr. Sherman led Home Depot’s installation business as Senior Vice President and President of the Home Services Division, as well as serving as Senior Vice President, Operations.
Prior to Home Depot, Mr. Sherman spent 15 years at Target Corp., where he progressed from Store Manager to Regional Vice President to Senior Vice President. Previously, he served as an officer in the United States Air Force for seven years.
Mr. Sherman will succeed Darren Jackson who will retire as CEO and step down from the Board on January 2, 2016, after more than 11 years with the Company, including the last eight years as CEO.
The Board also named Board Member John Ferraro to take on the role of Lead Independent Director.
Mr. Ferraro joined the Advance Auto Parts Board in 2015. Mr. Ferraro was Global Chief Operating Officer of Ernst & Young (EY) from 2007 to December 2014.
He joined EY in 1976 and was a partner for 26 years until his retirement in February 2015, holding various positions of senior responsibility including Global Vice Chair Audit and was a member of EY’s Global Executive board for more than 10 years.
The Company also announced that effective immediately current Board Chairman John C. Brouillard will become Executive Chairman.
Mr. Brouillard joined the Advance Auto Parts Board in 2004 and was appointed Chair in January 2008 after serving as interim Chief Executive Officer from May 2007 until January 2008.
Mr. Brouillard retired as Chief Administrative and Financial Officer of H.E. Butt Grocery Company in June 2005, a position that he had held since 1991. ■