StockNews.AI
AAP
StockNews.AI
194 days

Advance Auto Parts Appoints Jeff Vining as General Counsel

1. Jeff Vining appointed as EVP, general counsel effective March 2025. 2. Tammy Finley retires after 27 years, providing advisory support during transition. 3. Vining's expertise includes corporate governance, M&A, and risk management. 4. Advance operates 4,781 stores in the US, Canada, and Caribbean as of October 2024. 5. Company's strategic action plan relies on Vining's experience in business transformations.

7m saved
Insight
Article

FAQ

Why Bullish?

Leadership changes, especially in legal roles, can positively impact strategic direction and investor confidence, akin to previous successful executive transitions in similar firms.

How important is it?

The appointment of a new legal leader can directly influence company governance and compliance strategies, ultimately affecting AAP's market perceptions and operational effectiveness.

Why Long Term?

The impact of new leadership on strategy may unfold over time, similar to how companies see benefits from executive changes gradually.

Related Companies

UNFILOW
RALEIGH, N.C.--(BUSINESS WIRE)--Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced that it has appointed Jeff Vining as executive vice president, general counsel and corporate secretary, effective March 2, 2025. In this role, Mr. Vining will be responsible for all aspects of the Company’s legal, corporate governance, and compliance functions. Jeff will report directly to Shane O’Kelly, president and chief executive officer. Tammy Finley, who currently serves in this role, is retiring and will stay with Advance in an advisory capacity to support the transition. Tammy spent 27 years at Advance in the legal, human resources, and communications functions. She was vital in leading the company through almost three decades of growth and change management, and most recently, the divestiture of the Worldpac business. “Jeff’s experience in supporting successful business transformations and driving efficiencies is critical for the success of our strategic action plan,” O’Kelly said. “We are thankful for Tammy’s many contributions over the years along with her passion for Advance and our team members. We wish her all the best as she retires.” Mr. Vining brings more than 20 years of deep legal expertise within publicly traded companies, including key areas such as corporate governance, M&A, risk management, labor and employment, and litigation. Most recently, Mr. Vining served as general counsel and secretary at Unifi, Inc., where he was responsible for the company’s global legal functions and ensuring compliance with corporate governance requirements. A significant portion of his career was spent at Lowe’s Companies, Inc., where he served in senior roles including senior vice president, deputy general counsel, chief compliance officer, and assistant secretary. At Lowe’s, Mr. Vining’s passion for protecting the brand played a critical role in managing litigation, complex transactions, compliance, and enterprise risk management, while leading a team of more than 75 professionals. Mr. Vining received his Doctorate of Jurisprudence at the University of Richmond School of Law in Richmond, Virginia, and his Bachelor of Science from James Madison University in Harrisonburg, Virginia. About Advance Auto Parts Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 1,125 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 Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about anticipated service of executives, the company’s strategic initiatives, operational plans and objectives, future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, deterioration of general macroeconomic conditions, geopolitical conflicts, the highly competitive nature of the industry, demand for the company’s products and services, access to financing on favorable terms, complexities in the company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.

Related News