On
May
25, 2007, Advance Auto Parts, Inc. (“Company”), announced the appointment of
Elwyn G. Murray III as Executive Vice President, Merchandising, Supply
Chain,
and Technology, effective immediately. Mr. Murray has served as the Company’s
Executive Vice President, Administration since April 2005. Before joining
the
Company, he served in a variety of positions with Food Lion, LLC, including
Senior Vice President of Store Operations from May 2002 to January 2005,
Senior
Vice President of Procurement, Distribution and Quality Assurance from
January
2001 to April 2002, Vice President of Procurement and Pricing from July
1999 to
December 2000, and Vice President of Marketing from December 1998 to
June
1999.
On
May
25, 2007, the Company announced that David B. Mueller, a named executive
officer, had resigned as Executive Vice President, Merchandising and
Marketing,
effective immediately.
Mr.
Mueller will receive severance benefits consistent with the provisions
of his
employment agreement with the Company. The terms of the agreement were
described
in the Company’s 2007 Proxy Statement, filed with the U.S. Securities and
Exchange Commission on April 11, 2007, and the form of agreement was
filed as an
exhibit to a Form 8-K that was filed April 6, 2006. The Company has also
agreed
to provide Mr. Mueller with certain additional benefits, including outplacement
services, with an approximate value of $16,000.
Item
7.01 Regulation FD Disclosure.
On
May
25, 2007, the Company issued a press release announcing the appointment
of Elwyn
G. Murray III as Executive Vice President, Merchandising, Supply Chain,
and
Technology, effective immediately, and the resignation of David B. Mueller
as
Executive Vice President, Merchandising and Marketing, effective immediately.
The press release is attached as Exhibit 99.1 and incorporated by reference
herein.
* Print name and title of the signing officer under his signature.