Advance Auto Parts Announces Change of Chief Financial Officer.ROANOKE, Va. -- Advance Auto Parts Founded in 1932, Advance Auto Parts (NYSE: AAP), headquartered in Roanoke, Virginia, is the second-largest retailer of automotive replacement parts and accessories in the United States. AAP had 2005 sales of approx. $4. , Inc., (NYSE NYSE See: New York Stock Exchange :AAP AAP - Association of American Publishers ), a leading automotive aftermarket retailer of parts, batteries, accessories, and maintenance items, today announced that Michael Moore has resigned his position as Executive Vice President and Chief Financial Officer to pursue other business opportunities, effective February 1, 2008. Mr. Moore joined Advance in December 2005. "I want to personally thank Michael for his dedicated service to Advance Auto Parts, its customers, Team Members and stockholders," said President and Chief Executive Officer Darren Jackson. Advance also announced that it has named Michael "Mike" Norona as its Executive Vice President and Chief Financial Officer. In this role as CFO See Chief Financial Officer. , Mr. Norona will be responsible for all financial aspects of the company, including accounting, internal audit, investor relations Investor relations The process by which the corporation communicates with its investors. , treasury and tax, budgeting and financial management and risk finance and claims. Mr. Norona will be a member of Advance's Executive Committee, and will report directly to Jackson. "We are very excited to have an executive of Mike's caliber join our company," said Jackson. "Mike's global experience, financial experience and long track record of successes is going to be an asset to our team." Prior to joining Advance, Mr. Norona spent his entire 19-year career in various finance capacities with Best Buy, the first 14 of which were with Future Shop, a Best Buy subsidiary in Canada. He has held escalating Finance leadership roles, including officer positions in Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. , Retail Decision Support and Head of Finance of Future Shop. Mr. Norona brings significant hands on experience in many aspects of retail and finance through his direct involvement in the company's significant growth. In 2006, Mr. Norona expanded the Financial Services area as a new growth opportunity for Best Buy and he most recently served as Best Buy's President of Financial Services. Mr. Norona has a Bachelor's of Commerce Degree in Accounting from the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. , Canada, as well as a Professional Accounting Designation (CGA (Color/Graphics Adapter) The first video display standard for the IBM PC. This low-resolution system was superseded by EGA and then VGA. CGA required a digital RGB Color Display monitor. See PC display modes. CGA - Color Graphics Adapter ). He is a member of the Certified General Accountants of Canada. About Advance Auto Parts Headquartered in Roanoke, Va., Advance Auto Parts is the second-largest retailer of automotive aftermarket parts, accessories, batteries, and maintenance items in the United States, based on store count and sales. As of October 6, 2007, the Company operated 3,228 stores in 40 states, Puerto Rico, and the Virgin Islands. The Company serves both the do-it-yourself and professional installer markets. |
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