US Auto Parts Network (NASDAQ:PRTS)
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Von Nov 2019 bis Mai 2020
Morris to Grow Supply Chain and Inform Strategy for the Company’s Flagship CarParts.com and JCWhitney.com Sites
US Auto Parts Network, Inc. (NASDAQ: PRTS) (US Auto Parts), one of the largest online providers of aftermarket automotive parts and accessories, has named David Morris, formerly the SVP of Merchandising and Inventory Control at Icahn Automotive LLC, as its new Chief Merchandising Officer.
In this role, Morris will serve as a member of the company’s executive team, leading global sourcing, merchandising and product development for CarParts.com and JC Whitney. He will also help lead its growth strategy and inform its approach to trade and supply chain issues.
“David has spent his entire career creating opportunities and ensuring quality in the automotive industry,” said US Auto Parts CEO Lev Peker. “He has a tremendous track record with Icahn Automotive, and we are excited for him to bring that same strong approach to CarParts.com and JC Whitney.”
As SVP of Merchandising and Inventory Control for Icahn Automotive, Morris managed and maintained over $1.3 billion in global inventory and $3 billion in purchased assets across 47 distribution centers and more than 900 locations.
“US Auto Parts has a longstanding history and exceptional leadership team, and I am honored to join it,” said Morris. “The company is poised to seize opportunities across the industry and become a true ‘first mover,’ and I am looking forward to helping the company reach its ambitious goals.”
Morris has over 25 years of automotive supply chain experience. Before joining Icahn Automotive, he served as the VP of Supply Chain and Business Development for The Parts Authority. His contributions and support were instrumental in the company’s $500 million revenue growth over the span of 5 years. From 2001-2009, he led collision parts and supplies company Auto Body Panels as President and CEO.
Morris is a former board member of the Collision Industry Conference and the Certified Automotive Parts Association, and a current Yang Mentor for the Auto Aftermarket Industry Association.
About U.S. Auto Parts Network, Inc.
Established in 1995, U.S. Auto Parts is a leading online provider of automotive aftermarket parts, including collision, engine, and performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides consumers with a broad selection of competitively priced products, all mapped by a proprietary database with applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites include www.carparts.com, and www.jcwhitney.com, as well as the company's corporate website at www.usautoparts.com. U.S. Auto Parts is headquartered in Carson, California.
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding our plans, strategies, business prospects, growth opportunities, changes and trends in our business and expansion into new markets. These forward-looking statements are based on management's current expectations, estimates, forecasts and projections about the Company and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following, our future operating and financial results, financial expectations, expected growth and strategies, key operating metrics and current business indicators, capital needs and deployment, liquidity, product offerings, customers and suppliers and competition, and other risks and uncertainties discussed under Item 1A - Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 28, 2019, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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