FleetPride Welcomes Tom Greco as New Chief Executive Officer

FleetPride Inc., a leader in heavy-duty aftermarket parts and services, has made a significant announcement regarding its leadership. The company has appointed Tom Greco as its new Chief Executive Officer, effective immediately, marking a pivotal moment in the organization's journey as it continues to expand its influence in the trucking and transportation sectors.

In an official statement, Mark Lovett, Managing Director at American Securities, expressed his enthusiasm about Greco's appointment, citing his rich background in transportation and distribution. Lovett stated, "We are pleased to welcome Tom Greco as the next CEO of FleetPride. Tom brings strong executive leadership in transportation, distribution, and consumer services to the Company. We are confident that FleetPride will continue to grow and prosper under his leadership." This unwavering confidence reflects the high expectations set for Greco as he takes the helm of the company.

Tom Greco is known for his extensive experience, boasting over four decades of leadership within Fortune 500 companies. Before joining FleetPride, he notably served as the President and CEO of Advance Auto Parts, where he successfully led a comprehensive transformation initiative. This revamp included enhancing operational discipline, optimizing the supply chain, and executing focused commercial strategies. Under his stewardship, Advance Auto Parts experienced five consecutive years of comparable sales growth and substantial margin expansion between 2018 and 2022. Moreover, Greco revitalized the DieHard brand, affirming his capability to rejuvenate and strengthen brand identities.

Prior to his tenure at Advance Auto Parts, Greco dedicated over 30 years to PepsiCo, where he held various senior leadership positions—most notably as CEO of Frito-Lay North America. In this role, he was responsible for driving both top and bottom-line growth by focusing on operational excellence, innovative brand strategies, and engaging frontline employees. His reputation as a builder of high-performing leadership teams, along with a strong commitment to safety and accountability, underlines his potential to foster a culture of excellence at FleetPride.

Greco's qualifications extend beyond his operational prowess; he is also well-versed in public company governance, having served on multiple boards of publicly traded companies. His academic credentials include an MBA from the Richard Ivey School of Business at Western University and an Honors Bachelor of Commerce degree from Laurentian University in Ontario, Canada.

FleetPride, headquartered in Irving, Texas, stands as the largest distributor of truck and trailer parts and services within the independent heavy-duty aftermarket. With a sophisticated network consisting of over 300 locations, including more than 80 service centers and five distribution centers, the company prides itself on customer service excellence. FleetPride is dedicated to fulfilling the needs of its customers, providing timely and tailored solutions thanks to its team of around 4,000 experts.

As Greco steps into his role, his commitment to fostering growth within the company and ensuring that FleetPride remains a vital player in the industry is clear. He stated, "I am incredibly excited to join the FleetPride leadership team and partner with American Securities. I believe that the business has access to multiple avenues for growth, and the talent and determination deliver on the Company's purpose to keep the country running." His vision and determined approach are expected to steer FleetPride into a new chapter of innovation and success.

In conclusion, Tom Greco's appointment as CEO of FleetPride is not just a change in leadership; it signals a strategic move to harness his extensive background and expertise to propel the company forward. With his proven track record in transforming businesses and building strong teams, the future appears bright for FleetPride as it continues to expand its capabilities and enhance service offerings in the demanding transportation industry.