AutoZone, a leading retailer and distributor of automotive replacement parts and accessories, has announced a leadership transition. Bill Rhodes, President and Chief Executive Officer (CEO) of AutoZone, will be stepping down from his position effective January 2024. Rhodes will assume the role of Executive Chairman of the Board, while Philip B. Daniele, III, a seasoned AutoZoner with 29 years of experience, has been selected as the successor to Rhodes and will assume the role of CEO in January 2024.

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Bill Rhodes' Contributions and Transition to Executive Chairman

Bill Rhodes has been a driving force behind AutoZone's success, having served as President, CEO, and member of the Board of Directors since March 2005. Under his leadership, AutoZone has experienced remarkable growth, including doubling the number of stores, expanding its workforce to approximately 115,000 AutoZoners, and achieving revenue growth of over three times, surpassing $17 billion this year. Furthermore, the company's stock price has increased by more than 25 times during Rhodes' tenure. His invaluable contributions extend beyond AutoZone, as he has served on various industry and community boards. Rhodes will transition to the role of Executive Chairman of the Board, ensuring his continued involvement and guidance within the company.

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Philip B. Daniele's Appointment as CEO

Philip B. Daniele, III, an accomplished AutoZoner, has been chosen as the next CEO of AutoZone. With a remarkable 29-year career at AutoZone, Daniele brings extensive industry knowledge and a deep understanding of the company's operations. Having served in various leadership roles, including Executive Vice President of Merchandising, Marketing, and Supply Chain, Daniele has played a pivotal role in shaping AutoZone's strategic initiatives over the past decade. His expertise spans multiple areas of the organization, such as Store Operations, Merchandising, Commercial, Information Technology, and most recently, Supply Chain and Marketing.