|By PR Newswire||
|January 11, 2013 01:14 PM EST||
THE WOODLANDS, Texas, Jan. 11, 2013 /PRNewswire/ -- FleetPride, Inc. announced today that Kevin A. Peters has been appointed Chief Executive Officer of FleetPride, effective January 14, 2013. FleetPride is the nation's largest retailer of heavy-duty truck and trailer parts, and a portfolio company of TPG, the global private investment firm. Peters succeeds Woody McGee, who will remain on the Board of Directors.
Peters comes to FleetPride after five years at Office Depot, most recently as President, North America – the latest in a series of successful senior leadership positions at global Fortune 150 organizations, where he was responsible for leading multi-channel businesses, operations management, global supply chain management and IT.
Kevin Burns, partner at TPG, said, "Woody and the team have built an impressive company and we are pleased that he will continue to serve on the Board of Directors. We are also excited to welcome Kevin and believe his experience in business transformation leadership and innovation will drive the next stage of FleetPride's growth. His decision to lead FleetPride at this time is a testament to the company's attractive prospects."
"Kevin has a unique set of skills and experiences that are a great fit with FleetPride as the company capitalizes on the wide range of growth opportunities in the heavy-duty truck parts industry," said W.M. McGee. "I believe the company is well positioned to build on its reputation for superior customer service, broad inventory and parts availability."
"I am excited about the opportunity to help grow FleetPride's business lines," said Peters. "FleetPride and its FleetCare repair and maintenance service can continue to experience significant growth through acquisition and expanding our customer base. We understand that timely and quality maintenance are critical to our customers' bottom line and we view ourselves as partners in reducing downtime and keeping their fleets moving. I'm also looking forward to working with the TPG team which has deep industrial distribution and vehicle aftermarket sector experience."
Peters has been at Office Depot since 2007 where as President, North America he built this multi-channel business with P&L responsibility for retail stores, contract sales, direct mail and e-commerce in a highly competitive category. While there he also improved the global supply chain and IT functions. From 2002 to 2007, Peters was the Senior Vice President, Merchandising and Supply Chain at W.W. Grainger, Inc., responsible for the overall strategic direction and management of the company's product line, purchasing and global supply chain operations. He led the largest product line expansion in company history and was the process leader responsible for North America's largest SAP implementation. Prior to W.W. Grainger, he was at The Home Depot for 11 years, where he served as Vice President and General Manager, Home Depot Commercial Direct, the wholesale division for Home Depot Canada. Peters received his BS degree in Business Administration from the University of La Verne in California and an MBA from the Kellogg School of Management at Northwestern University.
About FleetPride, Inc.
FleetPride, Inc. (www.fleetpride.com) — America's premier nationwide supplier of heavy-duty truck and trailer parts — operates over 250 locations in 45 states and carries a full line of nationally-recognized, brand-name parts, as well as an assortment of exclusive-brand parts. In addition, FleetPride offers in-house remanufactured products such as brake shoes and driveline components. Truck and trailer repair services are also offered at a number of locations.
About FleetCare by FleetPride
FleetCare (www.fleetcare.info) — FleetPride is proud to offer an exclusive partnership for qualified businesses through its FleetCare Truck Service Center program. In addition to FleetPride's 35 company-owned locations, the FleetCare network, with over 200 affiliate members, specializes in heavy-duty truck and trailer repair and maintenance, servicing all makes and models. FleetCare employs highly-trained technicians, provides brand-name parts, offers a nationwide parts warranty program and roadside assistance.
TPG is a leading global private investment firm founded in 1992 with $54.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. The firm has a strong presence in the industrial, manufacturing and retail sectors. Significant investments have included American Tire Distributors, Armstrong World Industries, Burger King, China Grand Auto, Ducati, Graphic Packaging, Grohe, J. Crew, Lenta, Neiman Marcus, Nexeo Solutions, Petco and Savers. For more information visit www.tpg.com.
SOURCE FleetPride, Inc.
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