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Monro sees Southwest as next growth target
Monro sees Southwest as next growth target
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ROCHESTER, N.Y. Monro Inc. has identified the U.S. Southwest as a high priority for growth, both in terms of acquisitions and greenfield stores, company executives told financial analysts during the firm s fiscal 2021 results conference call May 20. Recently hired top executive Mike Broderick told analysts while Monro has had success in building its presence in the West California, Idaho and Nevada Monro is missing a lot of space out in the Southwest. We don t have many stores [there], but where we have opportunities to fill in, we will.
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ROCHESTER, N.Y. Monro Inc. has hired Advance Auto Parts executive Michael Broderick to be its president and CEO, filling positions left vacant by the August 2020 resignation of Brett Ponton.
Mr. Broderick brings over 25 years of experience executing growth and business transformation strategies in the aftermarket parts and tire service industry. Most recently he was executive vice president of merchandising and store operations support at Advance Auto Parts, where he was involved in that company s drive to raise same-store sales and improve operations.
He assumes the new position April 5, Monro said.
Monro Chairman and interim CEO Robert Mellor said Mr. Broderick is uniquely qualified to lead Monro through the next phase of our transformation as we continue to build a strong, scalable platform for sustainable growth.