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ROCHESTER, N.Y. – Monro Corporation (NASDAQ: MNRO), a prominent automotive service and tire provider, announced the appointment of Thomas B. Okley to its Board of Directors, effective immediately. Mr. Okray, who has extensive experience in the automotive and industrial sectors, will join the Executive Committee of the Board of Directors.
Okray previously served as the company's executive vice president and chief financial officer. Eaton From January 2021 to February 2024, he worked for (NYSE:) Corporation, a global power management company. His career spanned over 20 years at General Motors (NYSE:) and held senior finance positions at Amazon.com (NASDAQ:), Inc. advanced auto parts (NYSE:), Inc., and WW Grainger, Inc.'s international experience includes key leadership positions in Europe and Asia.
Robert E. Mellor, Chairman of the Board of Directors and Nominating and Corporate Responsibility Committee, expressed confidence in Okray's abilities, stating:In line with our ongoing dialogue with shareholders, the addition of his relevant automotive industry expertise supports our continued efforts to refresh and strengthen the skills and experience currently on our Board of Directors. It is reflected. Tom has a deep understanding of the dynamics shaping the automotive industry, and we look forward to benefiting from his solutions-focused perspective as we drive value creation for our shareholders. ”
Mr Okley added: ”I've long admired the durability of Monro's business model and their commitment to providing a great customer experience. I look forward to working closely with the board and management team to help the team execute the company's growth strategy and further solidify Monro™'s leadership position. ”
With the addition of Mr. Okrey, Monroe's Board of Directors now consists of nine directors, eight of whom are independent. The move is part of Monro's broader strategy to expand its presence in the country through strategic acquisitions and new store openings. The company had sales of approximately $1.3 billion in fiscal 2023 and operates approximately 1,300 stores and 9,000 service bays across the United States.
Mr. Okrey also serves on the Board of Directors of Flowserve Corporation (NYSE: NYSE:) and serves as Chairman of the Audit Committee.
This news is based on a press release from Monro, Inc.
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