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Autozone (AZO) announces changes in its senior leadership

Category: Autozone (AZO)
Date: 2 July 2021
Stock price of Autozone (AZO) : $1525.73
Market Capital Of Autozone (AZO): $32.9 billion
We take a look at the leadership changes announced by Autozone in which certain senior management staff have been promoted and moved as part of a the group's long term strategy.
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These moves strategically position AutoZone for accelerated future growth while allowing us to remain disciplined and laser-focused on our growth opportunities.   Phil, Preston, Tom and Mark are all veteran AutoZoners and proven leaders who have led, cultivated and positively influenced all aspects of our business. - Bill Rhodes"

More About Autozone (AZO)

AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. Since opening its first store in Forrest City, Ark. on July 4, 1979, the company has joined the New York Stock Exchange (NYSE: AZO) and earned a spot in the Fortune 500.
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Autozone announcement relating to changes on the organization

MEMPHIS, Tenn., June 17, 2021 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), today announced changes to the organization. Phil Daniele, a twenty-seven year AutoZoner, currently Senior Vice President, Commercial, has been promoted to Executive Vice President, Merchandising, Marketing, and Supply Chain.   Preston Frazer, a fourteen year AutoZoner, currently Senior Vice President, Store Operations, has been promoted to Executive Vice President, Store Operations, Commercial and Loss Prevention.

Additionally, Tom Newbern, a thirty-seven year AutoZoner, will now serve as Executive Vice President, International, Information Technology and ALLDATA. Mark Finestone, an eighteen year AutoZoner, will now serve as Executive Vice President, Strategy and Innovation.

“These moves strategically position AutoZone for accelerated future growth while allowing us to remain disciplined and laser-focused on our growth opportunities.   Phil, Preston, Tom and Mark are all veteran AutoZoners and proven leaders who have led, cultivated and positively influenced all aspects of our business. Each of these tremendous leaders is well-positioned to continue leading the organization and serving our customers for many years to come,” said Bill Rhodes.

Autozone (AZO) stock price chart over the last 5 years

The image below shows the stock price history of Autozone (AZO) over the last 5 years. And its been a very good time for AZO stockholders, with the stock increasing by  93% over the last 5 years. No investor would say no to those type of returns

The stock of Autozone (AZO) is trading at a lot closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Autozone stock is positive at this point in time
Autozone (AZO) stock price chart over the last 5 years
Autozone (AZO) stock price chart over the last 5 years

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