The Pep Boys - Manny, Moe & Jack announced the resignation of President & CEO and Director Mike Odell. Director John Sweetwood was named interim CEO, effective immediately.
Sweetwood has served on Pep Boys’ Board of Directors since 2002 and is currently the President of Woods Investment LLC, a private real estate investment firm. Sweetwood is the former President of the Americas Six Continents Hotels (currently Intercontinental Hotel Group) that operates hotels under the InterContinental, Crowne Plaza, Holiday Inn and other brands.
“On behalf of the board, I want to thank Mike for his contributions during the past seven years and wish him well in his future endeavors,” said Chairman of the Board Robert Hotz.
Sweetwood noted, “I look forward to working with management and Pep Boys 18,000+ associates in successfully executing Pep Boys’ Road Ahead strategy and in realizing our vision to be the best place to shop and care for your car.”
The board intends to conduct a search among internal and external candidates for a permanent CEO.
With more than 7,500 service bays in approximately 800 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair.
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