Kevin A. Peters Named Chief Executive Officer Of FleetPride, Inc.
THE WOODLANDS, Texas, Jan. 11, 2013
THE WOODLANDS, Texas, Jan. 11, 2013 /PRNewswire/ -- FleetPride, Inc. announced
today that Kevin A. Peters has been appointed Chief Executive Officer of
FleetPride, effective January 14, 2013. FleetPride is the nation's largest
retailer of heavy-duty truck and trailer parts, and a portfolio company of
TPG, the global private investment firm. Peters succeeds Woody McGee, who
will remain on the Board of Directors.
Peters comes to FleetPride after five years at Office Depot, most recently as
President, North America – the latest in a series of successful senior
leadership positions at global Fortune 150 organizations, where he was
responsible for leading multi-channel businesses, operations management,
global supply chain management and IT.
Kevin Burns, partner at TPG, said, "Woody and the team have built an
impressive company and we are pleased that he will continue to serve on the
Board of Directors. We are also excited to welcome Kevin and believe his
experience in business transformation leadership and innovation will drive the
next stage of FleetPride's growth. His decision to lead FleetPride at this
time is a testament to the company's attractive prospects."
"Kevin has a unique set of skills and experiences that are a great fit with
FleetPride as the company capitalizes on the wide range of growth
opportunities in the heavy-duty truck parts industry," said W.M. McGee. "I
believe the company is well positioned to build on its reputation for superior
customer service, broad inventory and parts availability."
"I am excited about the opportunity to help grow FleetPride's business lines,"
said Peters. "FleetPride and its FleetCare repair and maintenance service can
continue to experience significant growth through acquisition and expanding
our customer base. We understand that timely and quality maintenance are
critical to our customers' bottom line and we view ourselves as partners in
reducing downtime and keeping their fleets moving. I'm also looking forward
to working with the TPG team which has deep industrial distribution and
vehicle aftermarket sector experience."
Peters has been at Office Depot since 2007 where as President, North America
he built this multi-channel business with P&L responsibility for retail
stores, contract sales, direct mail and e-commerce in a highly competitive
category. While there he also improved the global supply chain and IT
functions. From 2002 to 2007, Peters was the Senior Vice President,
Merchandising and Supply Chain at W.W. Grainger, Inc., responsible for the
overall strategic direction and management of the company's product line,
purchasing and global supply chain operations. He led the largest product
line expansion in company history and was the process leader responsible for
North America's largest SAP implementation. Prior to W.W. Grainger, he was at
The Home Depot for 11 years, where he served as Vice President and General
Manager, Home Depot Commercial Direct, the wholesale division for Home Depot
Canada. Peters received his BS degree in Business Administration from the
University of La Verne in California and an MBA from the Kellogg School of
Management at Northwestern University.
About FleetPride, Inc.
FleetPride, Inc. (www.fleetpride.com) — America's premier nationwide supplier
of heavy-duty truck and trailer parts — operates over 250 locations in 45
states and carries a full line of nationally-recognized, brand-name parts, as
well as an assortment of exclusive-brand parts. In addition, FleetPride offers
in-house remanufactured products such as brake shoes and driveline components.
Truck and trailer repair services are also offered at a number of locations.
About FleetCare by FleetPride
FleetCare (www.fleetcare.info) — FleetPride is proud to offer an exclusive
partnership for qualified businesses through its FleetCare Truck Service
Center program. In addition to FleetPride's 35 company-owned locations, the
FleetCare network, with over 200 affiliate members, specializes in heavy-duty
truck and trailer repair and maintenance, servicing all makes and models.
FleetCare employs highly-trained technicians, provides brand-name parts,
offers a nationwide parts warranty program and roadside assistance.
TPG is a leading global private investment firm founded in 1992 with $54.5
billion of assets under management and offices in San Francisco, Fort Worth,
Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow,
Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG has
extensive experience with global public and private investments executed
through leveraged buyouts, recapitalizations, spinouts, growth investments,
joint ventures and restructurings. The firm has a strong presence in the
industrial, manufacturing and retail sectors. Significant investments have
included American Tire Distributors, Armstrong World Industries, Burger King,
China Grand Auto, Ducati, Graphic Packaging, Grohe, J. Crew, Lenta, Neiman
Marcus, Nexeo Solutions, Petco and Savers. For more information visit
SOURCE FleetPride, Inc.
Contact: For FleetPride, Inc., Melinda Pryor, MarCom Manager, +1-832-592-9953,
firstname.lastname@example.org; or for TPG, Lisa Baker, Owen Blicksilver PR,
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