Press release
CarParts.com Promotes David Meniane to CEO and Ryan Lockwood to CFO
TORRANCE, Calif., March 15, 2022 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS), a leading e-commerce provider of automotive parts and accessories, today
About this update from Carparts.com, Inc.
[{"type":"text","content":"TORRANCE, Calif., March 15, 2022 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS), a leading e-commerce provider of automotive parts and accessories, today announced effective April 18, 2022, COO & CFO, David Meniane will transition to CEO and SVP of Finance, Ryan Lockwood will become CFO. Lev Peker will step down as Chief Executive Officer and director, effective as of close of business on April 15, 2022, to pursue other business opportunities. The Company has also appointed Mr. Meniane as a Class III director to fill the resulting vacancy from Mr. Peker's departure from the Board.\n\n \n \n \n \n \n \n\n \n\"CarParts.com has undergone an aggressive turnaround journey, resulting in growth across the business as well as an improved customer experience,\" said David Meniane, current COO & CFO and incoming CEO. \"I am proud to be assuming the role of CEO at this exciting time and, with Ryan and the team at CarParts.com, will remain focused on business execution, serving our customers and taking CarParts.com to the next level.\" \nThrough this shift in leadership, the mission of CarParts.com remains the same. Guided by a strategy of Right Part, Right Time, Right Place, CarParts.com experienced its most successful year to date in 2021, recently announcing its latest quarterly and annual earnings earlier this month. The Company continues to disrupt the auto parts aftermarket industry – resulting in growth and innovation.\n\"Since joining CarParts.com in 2019, David has been an integral part of the Company's transformation and he intimately knows the business, having built, among many other things, a vertically integrated supply chain and the Company's data science team. What's more, he helped us navigate a global pandemic, both from a staff and operations perspective,\" said Lev Peker, outgoing CEO. \"2021 was a year of challenges for many but together we have established a solid foundation that will allow the organization to navigate the future. Alongside David, Ryan will continue to drive the business forward through financial discipline and market strategy. His knowledge of the financial industry is critical to ensuring CarParts.com's continued success.\" \n\"After experiencing our eighth consecutive quarter of year-over-year sales growth, I believe in our ability to execute on our long-term growth strategy and disrupt a $300B industr...