SPRINGFIELD, Mo., Dec. 13, 2012 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. (the "Company") (Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, today announced that effective January 1, 2013, after 42 years of exceptional service, Ted Wise will transition from his current position as Chief Operating Officer and Co-President and will continue his employment with the Company as Executive Vice-President of Expansion. Also effective January 1, 2013, Jeff Shaw, Senior Vice-President of Store Operations and Sales, will be promoted to the position of Executive Vice-President of Store Operations and Sales.
Greg Henslee, Chief Executive Officer and President of O'Reilly, commented, "Ted is an extremely valuable member of Team O'Reilly and has been instrumental in developing our Dual-Market-Strategy and helping to grow our Company into the great organization that we are today. Ted began his career in the stores and was the Company's first district manager. In 1984, he was named the first vice-president and was promoted to executive vice-president in 1990. He was named Co-President in 1999 and in 2005 he assumed his current position of COO and Co-President. Over the last five years, driven by the CSK acquisition, our store count has more than doubled, and Ted has spent much of his time analyzing existing and acquired properties, making lease renewal, renovation and relocation decisions, as well as overseeing our new store growth. Ted's new role will allow him to focus on real estate and continue to be actively engaged in our business, while also affording him the opportunity to spend more time with his family. We are very fortunate and grateful that Ted will remain a member of our executive management team, where we will continue to benefit from his years of experience."
Mr. Wise commented, "It is an honor and a privilege to have worked side-by-side with the members of the O'Reilly family, the best management team in the industry and over 50,000 hard-working and dedicated Team Members for so many years, and I am thankful for their support and friendship. I am excited to transition into my new role with the Company as I continue to focus my efforts on our profitable growth. Although I will be working fewer hours beginning in January, I will still be very involved with the business and my commitment to our future success has not changed. Over the past several years, Jeff Shaw and I have worked very closely together managing our store and sales teams, and he has taken over the primary responsibility for managing these areas, I am very confident that he is more than ready for his new position. He is a proven and well respected leader inside our organization, and he understands that our success depends on delivering industry leading customer service to each of our customers every day."
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