AutoZone Appoints New Board Member | AZO Stock News

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4 days ago
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  • AutoZone (AZO, Financial) expands its Board of Directors to 10 with the appointment of Claire Rauh McDonough.
  • McDonough is currently the CFO at Rivian and brings invaluable expertise in investment banking and disruptive commerce.
  • McDonough’s appointment is expected to enhance board perspectives, especially with her experience in the electric vehicle industry.

AutoZone (AZO), a leading retailer and distributor of automotive replacement parts and accessories, has announced the appointment of Claire Rauh McDonough to its Board of Directors. With this strategic appointment, the board now comprises 10 members. McDonough currently holds the position of Chief Financial Officer at Rivian, an innovative American electric vehicle manufacturer.

Claire McDonough joined Rivian in 2021 and has an extensive background in investment banking, having served as a Managing Director and co-head of the Disruptive Commerce Group at J.P. Morgan. Additionally, she brings her experience from roles on the boards of Rivian and Volkswagen Group Technology.

Bill Rhodes, Executive Chairman of AutoZone, expressed delight over McDonough’s inclusion and believes her unique skill set will significantly contribute to the board's deliberations and perspectives. McDonough's expertise is particularly valuable as the automotive industry increasingly focuses on sustainable and technology-driven solutions.

AutoZone continues to maintain its significant presence with 7,432 stores across the U.S., Mexico, and Brazil, offering a diverse range of automotive products and services. The company also underscores its robust online presence with platforms like autozone.com and alldata.com, catering to both retail customers and commercial clients.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.