TORRANCE, Calif., April 18,
2022 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS) a
leading e-commerce auto parts company dedicated to getting drivers
back on the road, today announces that it has appointed Kals
Subramanian as Chief Technology Officer, effective April 18, 2022. As previously announced,
the Board of Directors recently unanimously promoted David Meniane
to be the new CEO and this strategic new hire will be the first
under his leadership.
Mr. Subramanian joins CarParts.com after having served as Vice
President of eCommerce Technology at Lowe's. He also has held
leadership positions at Best Buy and Target in marketing
technology, business intelligence, and customer experience
products. With a focus on engineering, managing product, and
building global teams, Kals has seen double-digit growth in
initiatives under his leadership – ranging from service and sales
growth to employee engagement.
"As we continue to invest in technology and build upon the
strong foundation we have established over the years, Kals will
bring his unique eCommerce expertise and experience that will be of
great value to the company," said David Meniane, CEO. "He
will be an integral part of the team and critical to our mission of
being a one-stop destination for customers' car repair needs."
"The progress CarParts.com has made over the last three years is
energizing and encouraging, and I look forward to working with
internal and external stakeholders to continue to provide a
best-in-class experience," said Subramanian. "The technology
stack that Sanjiv Gomes has
architected during his tenure is very impressive, and I'm honored
to be part of the team that will take things into the future."
To that end, Sanjiv Gomes will
move into the newly created role of Chief Information Officer which
will allow him to better focus on engineering and architecture.
"I'm excited by the opportunity and look forward to working with
Kals. CarParts.com has always had a strong culture of
innovation I'm grateful for the opportunity to support the
development of strategies and initiatives that keep the industry
and our customers top of mind."
The strategic shift in leadership is in furtherance of
CarParts.com's mission to disrupt the auto parts & repair
aftermarket industry. On the heels of the company's most
successful year to date in 2021, growth and innovation remain
paramount, and the organization is looking to the future of its
technological advancements.
About CarParts.com
With over 25 years of experience, and more than 50 million parts
delivered, we've streamlined our website and sourcing network to
better serve the way drivers get the parts they need. Utilizing the
latest technologies and design principles, we've created an
easy-to-use, mobile-friendly shopping experience that, alongside
our own nationwide distribution network and vertically integrated
supply chain, cuts out the brick-and-mortar supply chain costs and
provides quality parts at competitive pricing. Our proprietary
catalog is constantly expanding, and we continue to add new
products, applications, sets, and kits for house brands, as well as
premium branded products.
CarParts.com is headquartered in Torrance, California.
Safe Harbor Statement
This press release contains statements which are based on
management's current expectations, estimates and projections about
the Company's business and its industry, as well as certain
assumptions made by the Company. These statements are forward
looking statements for the purposes of the safe harbor provided by
Section 21E of the Securities Exchange Act of 1934, as amended and
Section 27A of the Securities Act of 1933, as amended. Words such
as "anticipates," "could," "expects," "intends," "plans,"
"potential," "believes," "predicts," "projects," "seeks,"
"estimates," "may," "will," "would," "will likely continue" and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements include, but
are not limited to, statements regarding our future operating
results and financial condition, our potential growth, our ability
to innovate, our ability to gain additional market share, and our
ability to expand and improve our product offerings. We undertake
no obligation to revise or update publicly any forward-looking
statements for any reason. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties
and assumptions that are difficult to predict. Therefore, our
actual results could differ materially and adversely from those
expressed in any forward-looking statements as a result of various
factors.
Important factors that may cause such a difference include,
but are not limited to, competitive pressures, our dependence on
search engines to attract customers, demand for the Company's
products, the online market and channel mix for aftermarket auto
parts, the economy in general, increases in commodity and component
pricing that would increase the Company's product costs, the
operating restrictions in its credit agreement, the weather, the
impact of the customs issues and any other factors discussed in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), including the Risk Factors contained in the Company's
Annual Report on Form 10–K and Quarterly Reports on Form 10–Q,
which are available at www.carparts.com/investor and the
SEC's website at www.sec.gov. You are urged to consider these
factors carefully in evaluating the forward-looking statements in
this release and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by this cautionary statement. Unless otherwise required by law, the
Company expressly disclaims any obligation to update publicly any
forward-looking statements, whether as result of new information,
future events or otherwise.
Investor Relations:
Ryan Lockwood
IR@CarParts.com
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SOURCE CarParts.com, Inc.