Pep Boys appointed Scott Sider as its new CEO, effective June 15, after the automotive aftermarket service and retail chain has been without a permanent CEO for eight months. Sider was the former president of Hertz Corporation's Rent-A-Car, Americas, which includes 3,200 locations and 16,000 employees.
"We are extremely pleased that our comprehensive search has led us to Scott, a proven leader with automotive service and retail experience," said Bob Hotz, chairman Pep Boys' board of directors. "The Board of Directors was unanimous in its selection of Scott and sincerely thanks John for his service as interim CEO."
Sider has been employed by Hertz since 1983, holding leadership positions such as area manager of Manhattan, divisional VP of the western region and president of off airport operations.
Commenting on his new position, Sider said, "My experiences at Hertz, which have provided me with an appreciation of customer satisfaction through differentiation, a deep understanding of vehicle maintenance and the need for continual process improvement, combined with Pep Boys' iconic brand makes this a very exciting opportunity for me. I look forward to leading all the Pep Boys associates as we accelerate our sales and profit improvement."
John Sweetwood, who served as interim CEO, will continue serving as an independent board member, and Sider was also appointed to Pep Boys' board of directors. Press Release