– USA, NY – Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive under-car repair and tire services, today announced the appointment of Tom Okray to its Board as an Independent Director, effective immediately, bringing the Board to nine directors, of whom eight are independent.
“Tom’s impressive background will be a valuable addition to Monro’s Board. Consistent with ongoing shareholder dialogue, adding his relevant automotive industry expertise reflects our continued commitment to refreshing and enhancing the skills and experience currently represented on our Board. Tom brings a deep understanding of the dynamics that shape the auto industry, and we look forward to benefitting from his solutions-focused perspectives as we drive value creation for our shareholders.” said Board Chair, Bob Mellor.
Tom Okray will join the Executive Committee.
About Thomas B. Okray
Tom Okray is a seasoned executive with significant financial and operational expertise in the auto industry and broader industrials segment, including a 26-year tenure at General Motors and subsequent senior finance roles at Amazon.com, Inc., Advance Auto Parts, Inc., and W.W. Grainger, Inc. He most recently served as CFO of Eaton Corporation, a global intelligent power management company.
Tom Okray said, “I’ve long respected the durability of Monro’s business model as well as its commitment to delivering a superior customer experience. I look forward to working closely with the Board and leadership to help the team execute the Company’s growth strategy and further solidify Monro’s leadership position.”
About Thomas B. Okray
Tom Okray is an accomplished finance and operations executive who most recently served as EVP and CFO of Eaton Corporation, a global intelligent power management company, from January 2021 to February 2024. Before joining Eaton, he served as SVP and CFO of W.W. Grainger, Inc., a role he assumed in April 2018, and earlier served as EVP and CFO of Advance Auto Parts, Inc. beginning in October 2016. Before Advance Auto Parts, Mr. Okray was Vice President of Finance for Amazon.com, Inc.’s Global Customer Fulfillment organization.
From 1989 to 2015, Tom Okray held a variety of senior finance roles at General Motors and at the time of his departure served as CFO, Global Product Development Operations, Purchasing and Supply Chain, with a team of 45,000 employees across nine major development centers. During his tenure at General Motors, he worked for 15 years internationally with senior leadership roles in Europe and Asia.
Tom Okray also serves as a member of Flowserve Corporation’s (NYSE: FLS) Board of Directors, chairing the Audit Committee. He received an MBA from the University of Chicago, and a Bachelor of Science in Chemical Engineering from Michigan State University, and participated in a Transformational Leadership Program at the Stanford Graduate School of Business.
About Monro, Inc.
Monro, Inc. is one of the nation’s leading automotive service and tire providers, delivering best-in-class auto care to communities across the country, from oil changes, tires, and parts installation, to the most complex vehicle repairs. With a growing market share and a focus on sustainable growth, the Company generated approximately $1.3 billion in sales in fiscal 2023 and continues to expand its national presence through strategic acquisitions and the opening of newly constructed stores. Across approximately 1,300 stores and 9,000 service bays nationwide, Monro brings customers the professionalism and high-quality service they expect from a national retailer, with the convenience and trust of a neighborhood garage. Monro’s highly trained teammates and certified technicians bring together hands-on experience and state-of-the-art technology to diagnose and address automotive needs every day to get customers back on the road safely.
SOURCE: https://corporate.monro.com/
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