American Tire Distributors restructures top management

May 7, 2003

American Tire Distributors has restructured its top-level management, starting with the promotion of Dick Johnson to company chairman.

Johnson, who was named ATD's president and CEO in 2001, remains the company's CEO. Bill Berry, formerly executive vice president and CFO, was named president and COO.

"As a company, we have worked hard to achieve the growth and success that we have experienced over the last several years," says Johnson.

"These changes reflect a turning point for our company as we prepare to grow this business by following a strategy of strong customer service, operational excellence, and continued commitment to tire retailers nationwide."

As part of this restructuring, ATD has initiated a search for an executive vice president of strategic planning to focus on new market assessment and long-term planning for the company.

"The market is changing at a very rapid pace, and we do not want to let new opportunities go unclaimed due to the daily demands of running a business," says Johnson.

"This person will spearhead complex, long-term planning and market assessment projects, quantify appropriate strategic opportunities, and manage the resources to take advantage of emerging business opportunities to move this company forward."

ATD also will add a senior vice president of finance and administration to replace the CFO's role. This person will direct credit, finance, information systems and the company's treasury function.