Advance Auto Parts to add 3 board members as activist investors take stake-February 2024-www.financetom.com

Advance Auto Parts to add 3 board members as activist investors take stake

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Advance Auto Parts to add 3 board members as activist investors take stake

Mar 11, 2024 1:31 PM

March 11 (Reuters) - Advance Auto Parts ( AAP ) is appointing

three new board members after hedge funds Third Point LLC and

Saddle Point Management took positions in the automotive

afterparts provider, sources familiar with the matter said.

The company will add executives with automotive supply chain

and merchandising expertise to sit on its board which currently

has 9 members, the sources said.

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