Monro Muffler Brake Inc. has named Brian D’Ambrosia the company's next chief financial officer. His appointment is effective Jan. 1, 2017, and D'Ambrosia succeeds Catherine D’Amico, who will remain with Monro as director of special projects at least through August 2018.
John Van Heel, CEO and president says, “Brian’s extensive financial and accounting expertise and strong leadership skills will be instrumental as we continue to successfully execute our growth strategy and build significant long-term value for our shareholders. Since joining Monro and as part of our long-planned management transition, Brian has worked very closely with Cathy and her exceptional finance organization. His strong contributions over that time underscore our confidence that he is the ideal choice for this role.
“I also want to thank Cathy for her strong leadership and commitment during her 23-year career with Monro. She has been integral in growing our business from $78 million in sales since she joined in 1993 to nearly a billion dollars today, while laying a solid foundation for future growth and profitability. On behalf of all of us here at Monro, we thank her for valuable contributions and are grateful that she will remain with us in her new role to help fulfill Monro’s long-term business objectives.”
D’Ambrosia joined Monro in January 2013 and has taken on roles of increasing responsibility in accounting, finance and strategic planning. Most recently he has served as vice president of finance and chief accounting officer, and played an important role in securing the company’s expanded $600 million five-year revolving credit facility in January 2016, which doubled the company's borrowing capacity compared to its previous credit facility.
D’Ambrosia, a certified public accountant, has 20 years of experience and has worked with several companies across multiple industries.