Summary
AutoZone Inc. (AZO) filed an 8-K on September 27, 2018, to report significant executive leadership changes within its international operations. The filing primarily announces the upcoming retirement of William W. Graves, Executive Vice President overseeing Mexico, Brazil, and Store Development, who is expected to retire in early January 2019. This transition marks the end of Mr. Graves' tenure with the company. Concurrently, AutoZone has promoted Domingo Hurtado, formerly Vice President and Presidente AutoZone de Mexico, to the newly established role of Senior Vice President, International. In this expanded capacity, Mr. Hurtado will be responsible for AutoZone's operations in both Mexico and Brazil and will join the company's Executive Committee. These changes reflect a strategic restructuring of AutoZone's international leadership as it moves forward.
Key Highlights
- 1William W. Graves, Executive Vice President of Mexico, Brazil, and Store Development, will retire in early January 2019.
- 2Domingo Hurtado has been promoted to Senior Vice President, International, a newly created position.
- 3Mr. Hurtado's new role will encompass responsibility for AutoZone's operations in Mexico and Brazil.
- 4Mr. Hurtado will also become a member of AutoZone's Executive Committee.
- 5The press release detailing these changes is filed as Exhibit 99.1.
- 6This filing is categorized under Item 5.02 (Departure of Certain Officers) and Item 8.01 (Other Events).