Peter Fitzsimmons is the new president and CEO of Monro Inc. He replaces Michael Broderick, the company’s CEO since 2021.
A partner and managing director of AlixPartners, Fitzsimmons has been given the mandate “to work with (Monro’s) management team and board to develop and execute a performance improvement plan to enhance operations, drive profitability and increase operating income and total shareholder returns,” according to Monro officials.
“During his career, Fitzsimmons has served in senior executive roles. Some of his notable executive experience includes serving as CEO of a large automotive collision repair business, where he drove an over 25% sales improvement in 2022, and as CFO of an auto parts distributor.
According to Robert Mellor, chairman of Monro’s board, “the Monro board and management are taking decisive actions intended to improve the company’s performance and enhance the value we are delivering to our shareholders today and over the long-term.
“As part of this, the board determined that a change in leadership was necessary and we are pleased to appoint Peter to lead this critical phase in our evolution and our next chapter of growth. Peter has a proven track record of success and a mandate to reinvigorate the business and restore operating margins.”
