Advance Auto Parts names Jeffrey C. Smith board chair
Mr. Smith is Managing Member, Chief Executive Officer and Chief Investment Officer of Starboard Value LP. Mr. Smith joined the Advance Auto Parts Board on November 12, 2015. Mr. Smith is also currently on the Board of Yahoo! Inc.
He was formerly Chairman of the Boards of Darden Restaurants, Inc. and Phoenix Technologies Ltd. and formerly on the Boards of Quantum Corporation, Office Depot, Regis Corporation, Surmodics Inc., Zoran Corporation, Actel Corporation, Kensey Nash Corp., S1 Corp and the Fresh Juice Company.
Mr. Smith graduated from The Wharton School of Business at The University of Pennsylvania, where he received a B.S. in Economics. He succeeds Executive Chair John C. Brouillard, who will continue to serve as a director on the Advance Auto Parts Board.
In addition, John F. Ferraro is no longer Lead Independent Director but will continue to serve as a director and has been appointed Chair of the Nominating and Corporate Governance Committee.
The Company also announced that stockholders voted at its Annual Meeting of Stockholders to elect the 11 nominees named in the Company’s 2016 Proxy Statement to its Board of Directors: John F. Bergstrom, John C. Brouillard, Brad W. Buss, Fiona P. Dias, John F. Ferraro, Thomas R. Greco, Adriana Karaboutis, Eugene I. Lee, Jr., William S. Oglesby, Reuben E. Slone and Jeffrey C. Smith. ■
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