Michael Beland Joins Advance Auto Parts as Chief Accounting Officer

Welcome Michael Beland to Advance Auto Parts

Advance Auto Parts, Inc. (NYSE: AAP), known for its significant role in the automotive aftermarket, recently made an important announcement regarding its executive leadership. The company has appointed Michael Beland as the new senior vice president, controller, and chief accounting officer, marking a pivotal addition to their finance team.

Michael Beland’s Impressive Background

Michael Beland, a seasoned expert with over 25 years of experience in accounting and finance, officially joins Advance Auto Parts. Previously, he held the position of senior vice president and chief accounting officer at Driven Brands Holdings, Inc., where he further honed his financial management skills. His extensive background also includes serving as the assistant corporate controller at Wolfspeed, Inc. (once known as Cree, Inc.).

In his career, Beland's experience spans various roles that include the executive director and assistant corporate controller at PPD, LLC, and vice president, corporate controller, and compliance officer for OrthoSynetics, Inc. His trajectory also involves considerable tenure at renowned auditing firms such as Arthur Andersen, Grant Thornton, and PricewaterhouseCoopers. Additionally, he was the director of accounting research and policy at The Shaw Group Inc., contributing to his strategic understanding of the finance sector.

Strategic Goals and Responsibilities

In his new role, Mr. Beland will oversee enterprise-wide accounting operations, manage tax strategies, lead external financial reporting, and ensure along compliance. His expertise is expected to strengthen the finance organization at Advance Auto Parts significantly.

Ryan Grimsland, executive vice president and chief financial officer of Advance Auto Parts, expressed excitement about this strategic addition to their team. He emphasized Beland’s familiarity with the automotive industry as critical in helping the company elevate its performance. Together, they aim to effectively execute the strategic plan to enhance the Advance blended-box business.

Education and Professional Qualifications

Mr. Beland holds a Bachelor of Science in Business Administration and a master’s degree in accounting. He is also recognized as a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA). His educational background, combined with his extensive experience, positions him well to make impactful contributions to Advance Auto Parts as it continues to thrive in the competitive automotive aftermarket.

About Advance Auto Parts

Advance Auto Parts is a premier provider of automotive aftermarket parts dedicated to serving professional installers and do-it-yourself customers alike. As of October, the company has established a robust presence by operating nearly 4,800 stores predominantly in the United States, as well as in Canada, Puerto Rico, and the U.S. Virgin Islands. Furthermore, Advance supports a network of independently owned Carquest branded stores, serving customers across various locations including Mexico and numerous Caribbean islands.

The company is committed to meeting the evolving needs of its customers through excellent service, which includes providing employment opportunities and a seamless online shopping experience for automotive parts, accessories, and a range of other offerings.

Frequently Asked Questions

What role will Michael Beland serve at Advance Auto Parts?

Michael Beland will be the chief accounting officer, overseeing accounting operations and compliance.

What is Advance Auto Parts known for?

Advance Auto Parts is a leading provider of automotive aftermarket parts for professionals and DIY customers.

How many stores does Advance Auto Parts operate?

Advance Auto Parts operates nearly 4,800 stores across the United States and other regions.

What qualifications does Michael Beland have?

Beland holds a B.S.B.A., a master’s in accounting, and is certified as a CPA and CGMA.

How does Advance Auto Parts support its customers?

Advance provides employment opportunities and a comprehensive online shopping platform for automotive solutions.

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