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TheStreet Open House

Pep Boys Appoints Chris Adams Senior Vice President – Store Operations

The Pep Boys – Manny, Moe & Jack (NYSE: PBY), the nation’s leading automotive aftermarket service and retail chain, announced the appointment of Chris Adams as Senior Vice President – Store Operations. Mr. Adams will lead our 19,000+ associates serving customers in more than 700 Pep Boys locations. Mr. Adams is expected to start with Pep Boys in early March 2013.

Since 2010, Mr. Adams has served as Chief Operating Officer of CarGroup Holdings LLC d/b/a webuyanycar.com, where he was responsible for launching the U.S. operations of the successful U.K.-based car-buying service. Mr. Adams began his career at Enterprise Rent-A-Car, where he progressed from a management trainee to becoming one of the executives selected to open up and lead Enterprise’s U.K. operations. In between his tenures at Enterprise and CarGroup Holdings, Mr. Adams served as Chief Operating Officer of The BabyPlus Company, a manufacturer and distributor of a prenatal education system, and Holland Partners, a developer and manager of multifamily communities.

Mike Odell, President & Chief Executive Officer, said, “Chris has a proven track record of delivering world-class customer service, having cut his teeth rising up through the ranks of Enterprise Rent-A-Car. He will be responsible for leading a cultural change in our stores from transactional- to relationship-based customer service. Chris is very well-rounded and uniquely qualified to lead our associates and set the tone for delivering great customer experiences across all Pep Boys locations.”

About Pep Boys

Since 1921, Pep Boys has been the nation’s leading automotive aftermarket chain. With more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting www.pepboys.com.

Certain statements contained herein constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The word “guidance,” “expect,” “anticipate,” “estimates,” “forecasts” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management’s expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company’s actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers’ ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company’s stores, competitive pricing, the location and number of competitors’ stores, product and labor costs and the additional factors described in the Company’s filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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