Advance Auto Parts Announces Supply Chain Leadership Changes

Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider, today announced that Reuben E. Slone, executive vice president, supply chain, will retire from the company and be succeeded by Stephen J. Szilagyi. Mr. Szilagyi comes to Advance from MSC Industrial Supply, Inc., where he served as senior vice president, customer solutions from 2018 to 2021 and senior vice president, supply chain from 2017 to 2018. Prior to that, Mr. Szilagyi spent 15 years with Lowe’s Companies, Inc., in a variety of roles of increasing responsibility, including chief supply chain officer from 2013 to 2016. At both MSC and Lowe’s, Mr. Szilagyi’s leadership helped drive significant improvements in sales growth, safety, quality, service and productivity. Mr. Szilagyi will begin as Advance’s executive vice president, chief supply chain officer, and join Advance’s Leadership Team on January 9, 2023.

“We are extremely grateful for the numerous contributions Reuben has made, first as a board member of Advance from 2016 to 2018 and then as a member of Advance’s senior executive team since October 2018,” said Tom Greco, Advance’s president and chief executive officer. “With his wealth of experience and deep understanding of our business, under Reuben’s leadership, we have significantly improved our supply chain operations. Reuben also has built a much stronger team and culture within the supply chain organization, making it an optimum time to make a leadership transition.”

Greco continued, “I’m excited to welcome Steve to the Advance family following an extensive search. As a seasoned and accomplished supply chain executive with more than 25 years of experience, Steve brings a deep understanding of both retail and professional business to business supply chain operations along with a proven track record of results, innovation and leadership. I look forward to working closely with him as we raise the bar on the execution of our strategy.”

Mr. Szilagyi will report directly to Greco. Both Mr. Slone and Mr. Szilagyi will partner closely to ensure a smooth transition, while Mr. Slone works with the Advance team in an advisory role through April 2023.

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 October 8, 2022, Advance operated 4,747 stores and 313 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,335 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.

Forward-Looking Statements

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