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Advance Auto Parts Announces Executive Changes

ROANOKE, Va. -- Advance Auto Parts Inc., a leading automotive aftermarket retailer of parts, batteries, accessories, and maintenance items, announced that Michael Moore has resigned his position as Executive Vice President and Chief Financial Officer to pursue other business opportunities, effective February 1, 2008. Moore joined Advance in December 2005.

Advance also announced that it has named Michael “Mike” Norona as its Executive Vice President and Chief Financial Officer. In this role as CFO, Norona will be responsible for all financial aspects of the company, including accounting, internal audit, investor relations, treasury and tax, budgeting and financial management and risk finance and claims. Norona will be a member of Advance’s Executive Committee, and will report directly to Jackson.

Prior to joining Advance, Norona spent his entire 19-year career in various finance capacities with Best Buy, the first 14 of which were with Future Shop, a Best Buy subsidiary in Canada. He has held escalating Finance leadership roles, including officer positions in Shared Services, Retail Decision Support and Head of Finance of Future Shop. Norona brings significant hands on experience in many aspects of retail and finance through his direct involvement in the company's significant growth. In 2006, Norona expanded the Financial Services area as a new growth opportunity for Best Buy and he most recently served as Best Buy's President of Financial Services.

Norona has a Bachelor’s of Commerce Degree in Accounting from the University of British Columbia, Canada, as well as a Professional Accounting Designation (CGA). He is a member of the Certified General Accountants of Canada.

Advance also announced that Kevin Freeland has been named Executive Vice President, Supply Chain and Information Technology, effective February 13, 2008. Freeland will be responsible for overseeing the Supply Chain and Logistics area, as well as the Information Technology area. Freeland will be a member of Advance’s Executive Committee and will report to Darren Jackson, President and Chief Executive Officer.

Freeland most recently was the President and Founder of Optimal Advantage, a boutique retail consulting firm, currently and recently engaged with clients such as Advance Auto Parts and various other specialty retailers. Prior to that position, Freeland spent eight years with Best Buy serving as Vice President of Inventory, Senior Vice President of Inventory and, ultimately, President of the Musicland Division. Freeland also spent eight years at Payless Shoe Source in a variety of merchandising positions, including his final position as Vice President of Merchandise Distribution. Freeland holds a Bachelor's Degree in Economics from the University of Florida.

Advance Auto Parts also announced that C. Roy Martin has resigned as Senior Vice President, Supply Chain, effective February 8, 2008. Martin joined Discount Auto Parts in November 2000 as Vice President, Supply Chain and Logistics. He then transitioned to Advance Auto Parts in March 2002 when Discount was acquired by Advance, at which time he was promoted to Senior Vice President, Logistics and Replenishment. His title was later changed to Senior Vice President, Supply Chain.

Judd Nystrom has been named Vice President, Finance and Investor Relations, effective February 11, 2008. Nystrom will be responsible for Investor Relations, Budgeting and finance decision support. Nystrom will report to Mike Norona, Executive Vice President and Chief Financial Officer.

Nystrom joins Advance Auto Parts from Best Buy where he served as Senior Director, Retail Finance, supporting U.S. Stores and Retail Store Support. He has spent six years at Best Buy with a broad range of experiences within finance, including enterprise financial accounting and control and finance decision support for U.S. Stores, Field Leadership, Store Labor and Real Estate. Prior to that, Nystrom spent seven years at Carlson Companies, Inc. with increasing responsibilities, ultimately serving as the Director of Accounting and Reporting. Nystrom holds a Bachelor's Degree in Accounting from the University of Minnesota Carlson School of Management and is a Certified Public Accountant (inactive), a Certified Management Accountant, and Certified in Financial Management.


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