Pep Boys 2006 Annual Report Download - page 45

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7
Jeffrey C. Rachor, President & Chief Executive Officer, joined the Company on March 26, 2007, after
having most recently served as President, Chief Operating Officer, and a Director of Sonic Automotive
Inc, a Fortune 300 company and the third largest automotive retailer in the United States. Prior to joining
Sonic in 1997, he served as Chief Operating Officer and General Manager of Nelson Bowers Dealerships
and held positions with American Suzuki Motor and General Motors corporations.
Harold L. Smith, Executive Vice President—Merchandising, Marketing, Supply Chain and
Commercial, joined the Company in August 2003 after most recently serving in such capacity for CSK
Auto. Prior to CSK Auto, Mr. Smith served as the President of Bass Pro Companies, a leading outdoor
recreation retailer. Before Bass Pro, he served as CEO of several retail companies, including Builders
Emporium, Ernst Home Centers, and Homeowners Do-It-Yourself Centers.
Mark S. Bacon, Executive Vice President, Operations—Mark S. Bacon was named Executive Vice
President—Operations in August 2006. Mr. Bacon joined the Company in February 2005 as Senior Vice
President—Retail Operations and assumed overall responsibility for both retail and service operations in
October 2005. Prior to joining the Company, he was Senior Vice President, Sales and Operations for
Staples and has also held various operations positions with companies such as Wal-Mart and Hills Stores.
Joseph A. Cirelli was named Senior Vice President—Service in October 2005. Since March 1977,
Mr. Cirelli has served the Company in positions of increasing seniority, including Vice President—Real
Estate and Development, Vice President—Operations Administration, and Vice President—Customer
Satisfaction.
Mark L. Page was named Senior Vice President—Parts & Tires in October 2005 and has been a
Senior Vice President of the Company since March 1993. Since June 1975, Mr. Page has served the
Company in various store operations positions of increasing seniority.
Harry F. Yanowitz was named Senior Vice President—Chief Financial Officer in August 2004.
Mr. Yanowitz joined the Company in June 2003 as Senior Vice President—Strategy & Business
Development after having most recently served as Managing Director of Sherpa Investments, a private
investment firm. Previously, he was President of Chapters, Canada’s largest book retailer. Prior to joining
Chapters, Mr. Yanowitz was a consultant with Bain & Company.
Each of the officers serves at the pleasure of the Board of Directors of the Company.
ITEM 1A RISK FACTORS
Our business faces significant risks. The risks described below may not be the only risks we face. If any
of the events or circumstances described as risks below actually occurs, our business, results of operations
or financial condition could be materially and adversely affected.
Risks Related to Pep Boys
If we are unable to generate sufficient cash flows from our operations, our liquidity will suffer and we may be
unable to satisfy our obligations.
We require significant capital to fund our business. While we believe we have the ability to sufficiently
fund our planned operations and capital expenditures for the balance of fiscal year 2007, circumstances
could arise that would materially affect our liquidity. For example, cash flows from our operations could be
affected by changes in consumer spending habits or the failure to maintain favorable vendor payment
terms or our inability to successfully implement sales growth initiatives. We may be unsuccessful in
securing alternative financing when needed, on terms that we consider acceptable, or at all.