AutoZone 2010 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2010 AutoZone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

co-founded New Mountain Capital, LLC, a private equity firm, in 2000 and was a Principal, Managing
Director and Member of New Mountain Capital from 2000 to 2005 and has been a Senior Advisor since
then. From 1998 to 2000, Mr. Grusky served as President of RSL Investments Corporation, the primary
investment vehicle for the Hon. Ronald S. Lauder. Prior thereto, Mr. Grusky also served in a variety of
capacities at Goldman, Sachs & Co. in its Mergers & Acquisitions Department and Principal Investment
Area. Mr. Grusky is also a director of AutoNation, Inc. and Strayer Education, Inc.
Experience, Skills and Qualifications: The Board believes Mr. Grusky is qualified to serve as a
director of the Company based on his experience in investment management and investment banking, his
knowledge of finance, his commercial experience/business analytical skills, his owner orientation, and his
board experience, as well as his integrity, energy, and willingness to spend time on and interest in
AutoZone.
J. R. Hyde, III, 67, has been a director since 1986 and was non-executive Chairman of the Board
from 2005 until June 2007. He has been the President of Pittco, Inc., an investment company, since 1989
and has been the Chairman of the Board and a director of GTx, Inc., a biotechnology, pharmaceutical
company since 2000. Mr. Hyde, AutoZone’s founder, was AutoZone’s Chairman from 1986 to 1997 and
its Chief Executive Officer from 1986 to 1996. He was Chairman and Chief Executive Officer of
Malone & Hyde, AutoZone’s former parent company, until 1988. Mr. Hyde is also a director of FedEx
Corporation.
Experience, Skills and Qualifications: The Board believes Mr. Hyde, the founder and a former
Chairman and Chief Executive Officer of AutoZone, is qualified to serve as a director of the Company
based on his extensive knowledge of AutoZone’s business and the automotive aftermarket industry, his
expertise in strategic business development and executive management, his owner orientation, and his
board experience as well as his integrity, energy, and willingness to spend time on and interest in
AutoZone.
W. Andrew McKenna, 64, has been a director since 2000 and served as Lead Director from June
2007 through January 2009. He is a private investor. Until his retirement in 1999, he had held various
positions with The Home Depot, Inc., including Senior Vice President — Strategic Business Development
from 1997 to 1999; President, Midwest Division from 1994 to 1997; and Senior Vice President —
Corporate Information Systems from 1990 to 1994. He was also President of SciQuest.com, Inc. in 2000.
Mr. McKenna was a director of Danka Business Systems PLC from 2002 to 2008, serving as Chairman
of the Board from March 2005 to March 2006.
Experience, Skills and Qualifications: The Board believes Mr. McKenna is qualified to serve as a
director of the Company based on his executive experience in the retail industry and other industries, his
expertise in strategic business development, his background in finance and audit, his owner orientation,
and his board experience, as well as his integrity, energy, and willingness to spend time on and interest in
AutoZone.
George R. Mrkonic, Jr.,58, has been a director since 2006. He served as Vice Chairman of Borders
Group, Inc. from 1994 to 2002. He has held senior level executive positions with W.R. Grace and
Company, Herman’s World of Sporting Goods, EyeLab, Inc., and Kmart Specialty Retail Group. He is
also a director of Brinker International, Inc., Syntel, Inc. and Pacific Sunwear. Mr. Mrkonic was a director
of Nashua Corporation from 2000 to 2009.
Experience, Skills and Qualifications: The Board believes Mr. Mrkonic is qualified to serve as a
director of the Company based on his experience as a senior executive in retail companies, his knowledge
of corporate strategy, finance, and management, his owner orientation, and his board experience, as well
as his integrity, energy, and willingness to spend time on and interest in AutoZone.
Luis P. Nieto,55, has been a director since 2008. He was president of the Consumer Foods Group or
ConAgra Foods Inc., one of the largest packaged foods companies in North America, from 2008 until his
retirement in June 2009. Previously, he was president of ConAgra Refrigerated Foods from 2006 to 2008
and ConAgra Meats from 2005 to 2006. Prior to joining ConAgra, Mr. Nieto was President and Chief
5
Proxy