Advance Auto Parts, Inc. (NYSE: AAP) has appointed Thomas (Tom) Okray as executive vice president, chief financial officer, effective October 31, 2016.
As part of the previously announced orderly transition, Mr. Okray will succeed Mike Norona, who will remain with the company in an advisory role until the end of the year.
Mr. Okray, 53, brings more than 25 years of experience in finance, operations and supply chain to Advance Auto Parts. Most recently, Mr. Okray served as vice president, finance, global customer fulfillment at Amazon, where he was the finance lead overseeing the optimization of key elements of Amazon’s Global Fulfillment Network.
Prior to joining Amazon, Mr. Okray spent the majority of his career at General Motors (GM) in a variety of finance and supply chain related roles. He was most recently responsible for overseeing more than $120 billion in annual expenses and $8 billion in capital expenditures as CFO, global product development, purchasing & supply chain. Prior to that, he held a variety of finance roles supporting GM’s operations, vehicle development, supplier and partner base around the world.
“On behalf of the entire executive team, we are delighted to welcome Tom to the Advance team,” said Tom Greco, president and CEO. “Tom brings deep experience in finance, with a particular focus on leading the finance function in helping to drive efficient supply chain operations. Importantly, Tom is very familiar with a supply chain that must respond rapidly to online demand. This will be increasingly critical to accelerating our growth at Advance going forward. Tom’s strong track record as a proven and respected leader within Fortune 100 companies like Amazon and GM, and his passion for success, make him the ideal person to lead our finance function.”
“I would like to thank Mike Norona for his tireless efforts and strong financial leadership and contributions during his tenure, and in particular over the last few months,” Mr. Greco continued. “We look forward to continuing to benefit from his guidance as we complete a smooth transition.”
“Advance is a well-positioned industry leader with an extraordinary opportunity to deliver improved performance,” said Mr. Okray. “I am truly honored and excited to join the team during this transformative time. I look forward to working with Tom, the management team, and the entire Advance family to help contribute to Advance’s success.”
Mr. Okray earned a bachelor’s degree in chemical engineering from Michigan State University, and received an MBA from the University of Chicago’s Booth School of Business. He has also participated in a Transformational Leadership Program through Stanford University’s Graduate School of Business.