Advance Auto Parts Celebrates 75 Years of Serving Customers.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 Aftermarket See: Secondary market. aftermarket See secondary market. retailer of parts, batteries, accessories and maintenance items, officially kicked-off of the company's 75th anniversary of providing legendary customer service this morning at a ceremony in Roanoke, Virginia Roanoke is an independent city located in the Commonwealth of Virginia. The city of Roanoke is adjacent to the city of Salem and the town of Vinton and is otherwise surrounded by, but politically separate from, Roanoke County. . The company was founded in Roanoke and has been headquartered there for the past 75 years. For 75 years, Advance Auto Parts has helped a nation of "Do It Yourselfers" fix their vehicles and drive safer, more reliable vehicles by providing parts, accessories, education and advice, while guiding itself on the principles of honesty and integrity set forth by Advance's founder, Arthur Taubman. Advance is celebrating and recognizing its Team Members, customers, and the communities that the company is privileged to serve as being the keys to Advance's past, present, and future success. "In the past 75 years, vehicles and the technology that drive them have continually changed, and over this great company's next 75 years, that trend will undoubtedly continue. One thing that never changes, whether it's 1932, 2007, or 2082, is Advance's commitment to helping each new generation of drivers understand, maintain and repair their cars," said Mike Coppola, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "In addition, Advance's commitment to Team Members is rivaled only by its commitment to the communities in which the company's more than 3,000 stores operate and by the dedication Team Members have to their customers," continued Coppola. "Whether it's on a national level where the company's support of the Juvenile Diabetes Research Foundation The Juvenile Diabetes Research Foundation (JDRF) is the leading charitable funder and advocate of type 1 (juvenile) diabetes research worldwide. The mission of JDRF is to find a cure for diabetes and its complications through the support of research. has raised more than $11 million for that organization since 1994, or locally where Team Members are actively involved in various community-based charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. , Advance and its Team Members are tireless in their efforts to give back to the communities in which they live and work." Advance will be celebrating its 75(th) anniversary throughout the year with both Team Members and customers across its operations in 40 states, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands. In addition, Advance will feature special sales promotions to highlight this milestone. Advance Auto Parts was founded by Arthur Taubman in 1932, with two stores in Roanoke, Virginia and one in Lynchburg. In the company's beginnings, it served as a general merchandiser, selling many items to customers including automotive parts and accessories. In the 1970s, under the leadership of Nick Taubman, son of Arthur Taubman, the company transitioned to an automotive aftermarket specialty retailer. Throughout his almost fifty years of service at Advance, Garnett Smith helped to pave the way for Advance Auto Parts to become the company it is today. Smith retired from his position as CEO of Advance in 2000, but his impact remains with the company. Former CEO Larry Castellani, led Advance through the first years as a public company. Through his leadership, the company's public image and reputation on Wall Street grew. Castellani also put Advance on the path for rapid organic store growth in existing markets About Advance Auto Parts, Inc. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , based on store count and sales. As of December 30, 2006, the Company operated 3,082 stores in 40 states, Puerto Rico, and the Virgin Islands. The Company serves both the do-it-yourself and professional installer markets. Additional information about the Company, employment opportunities, services, as well as on-line purchase of parts and accessories can be found on the Company's web site at www.AdvanceAutoParts.com. |
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