MEMPHIS, Tenn., Dec. 17, 2007 (PRIME NEWSWIRE) -- AutoZone, Inc. (NYSE:AZO) today announced the following organizational changes, effective immediately. Jon Bascom, Vice President, Information Technology, has been promoted to Senior Vice President, Information Technology and Chief Information Officer. Additionally, Mark Finestone, Vice President, Merchandising, has been promoted to Senior Vice President, Merchandising. Both Bascom and Finestone will serve on the company's Executive Committee.
"With these promotions, we continue to strengthen our senior leadership team with seasoned and accomplished AutoZoners," said Bill Rhodes, Chairman, President and Chief Executive Officer. "Jon and Mark have proven leadership abilities and their experiences will serve this company at a very high level for many years to come."
Bascom will report to Bill Giles, Executive Vice President, Chief Financial Officer, Information Technology and Store Development. Finestone will continue to report to Jim Shea, Executive Vice President of Merchandising, Marketing and Supply Chain.
The company also announced Ken Brame, Vice President, Information Technology and Chief Information Officer will retire from the company effective January 11, 2008. "Since joining our team in 2004, Ken has been an integral part of our success," said Rhodes. "We thank him for his many contributions and wish him the very best in his retirement."
As of November 17, 2007, AutoZone sells auto and light truck parts, chemicals and accessories through 3,972 AutoZone stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 124 stores in Mexico.
AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, and service stations. AutoZone also sells the ALLDATA brand diagnostic and repair software. On the web, AutoZone sells diagnostic and repair information, and auto and light truck parts through www.autozone.com. AutoZone does not derive revenue from automotive repair or installation.