Pep Boys 2007 Annual Report Download - page 54

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most recently served as the Executive Vice President and General Manager of Sears Retail & Specialty
Stores. Mr. Odell joined Sears in its finance department in 1994 where he served until he joined Sears
operations team in 1998. There he served in various executive operations positions of increasing
seniority, including as Vice President, Stores—Sears Automotive Group.
Joseph A. Cirelli was named Senior Vice President—Business Development in November 2007.
Since March 1977, Mr. Cirelli has served the Company in positions of increasing seniority, including
Senior Vice President—Service, Vice President—Real Estate and Development, Vice President—
Operations Administration, and Vice President—Customer Satisfaction.
Troy E. Fee, Senior Vice President—Human Resources, joined the Company in July, after having
most recently served as the Senior Vice President of Human Resources Shared Services for TBC
Corporation, then the parent company of Big O Tires, Tire Kingdom and National Tires & Battery.
Mr. Fee has over 20 years experience in operations and human resources in the tire and automotive
service and repair business.
Scott A. Webb, Senior Vice President—Merchandising & Marketing, joined the Company in
September 2007 after having most recently served as the Vice President, Merchandising and Customer
Satisfaction of AutoZone. Mr. Webb joined AutoZone in 1986 where he began his service in field
management before transitioning, in 1992, to the Merchandising function.
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. On January 17, 2008, the
Company announced the planned departure of Mr. Yanowitz in order to pursue other business
interests. Mr. Yanowitz is expected to resign from his position with the Company shortly after the filing
of the Company’s financial statements for fiscal 2007.
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
We may not be able to successfully implement our business strategy, which could adversely affect our
business, financial condition, results of operations and cash flows.
In fiscal 2007, we adopted our long-term strategic plan, which includes numerous initiatives to
increase sales, enhance our margins and increase our return on invested capital in order to increase our
earnings and cash flow. If these initiatives are unsuccessful, or if we are unable to implement the
initiatives efficiently and effectively, our business, financial condition, results of operations and cash
flows could be adversely affected.
8
10-K