Monro Muffler Brake Announces Succession Plan, Appoints Brett Ponton As Next President And CEO

Monro Muffler Brake Announces Succession Plan, Appoints Brett Ponton As Next President And CEO

Ponton, an executive with more than 20 years of senior management experience in the auto and tire service industry, most recently served as CEO of American Driveline Systems, the parent company of AAMCO Transmissions & Total Car Care.

 

Monro Muffler Brake has elected Brett Ponton as its next president and CEO. Ponton, an executive with more than 20 years of senior management experience in the auto and tire service industry, most recently served as CEO of American Driveline Systems, the parent company of AAMCO Transmissions & Total Car Care. Ponton will succeed John Van Heel, who has decided not to renew his long-term contract when it expires on Oct. 1. Van Heel has been CEO and a member of the board of directors since 2012.

Monro also announced the election of lead director Robert Mellor as independent chairman of the board of directors. Robert Gross, executive chairman, will retire from the board and the company at the conclusion of the annual shareholder meeting on Aug. 15.

Monro says this leadership transition comes at a time of evolution and opportunity for the company, which has 1,118 company-operated stores and 114 franchised locations in 27 states. In fiscal 2017, Monro’s sales totaled a record $1.022 billion, 8 percent more than the previous year. In the past 15 years, Monro has made 42 acquisitions; the stores it acquired in fiscal 2017 are projected to add $150 million in annualized sales over fiscal 2016.

“Monro is very pleased to welcome Brett Ponton as its next president and CEO. His deep industry expertise and contacts, his success running both franchise and company-operated automotive service and tire stores and his proven leadership skills will help accelerate Monro’s successful acquisition strategy. He is the right person to lead Monro at this stage in its growth,” said Mellor.

In announcing the transition, Mellor added, “We are grateful to John Van Heel for his distinguished service to Monro. During his 15 years at the company, the past five as CEO, the company has grown from 550 stores and $250 million in annual sales to more than 1,100 stores and annual sales of more than $1 billion.”

Ponton commented, “It is an honor to be chosen as president and CEO of Monro. Since its founding 60 years ago, Monro has been an auto care pioneer with a sterling reputation and strong portfolio of retail outlets. Monro is well-positioned to continue its tremendous growth through increasing same-store sales, acquiring competitors and expanding into new markets. I look forward to working with the company’s talented professionals to expand the offerings and unparalleled service Monro is known for.”

Ponton will join Monro as president on Aug. 1, and will assume the CEO role on Oct. 2. To facilitate the transition, Van Heel will serve as an adviser to Monro for six months following the end of his contract.

Van Heel added, “It has been a privilege for me to be a part of the outstanding growth story at Monro. I am proud of the accomplishments of our team and want to thank each of our employees for their hard work and dedication to Monro, our customers and me. Also, we are grateful to Rob Gross for his outstanding leadership and contributions to the company over the past 18 years.”

You May Also Like

Holley Performance Names New Senior Vice President

Jordon Musser joined the company as SVP, Safety and Electronics Product categories.

Holley Performance Brands Names Senior Vice President of Safety and Electronics Product Categories

Holley Performance Brands announced Jordon Musser has joined the organization as senior vice president, safety and electronics product categories.

In his new position, Musser will lead a global team of professionals to develop and implement a comprehensive strategic growth plan for Holley’s leading portfolio of safety brands, including Simpson, Stilo, Hans and Racequip, the company said.

K&M Tire Names New Executive Vice President

Jon Zurcher has joined K&M as the company’s new executive vice president.

Clore Names Dan Lucas VP of Sales
WAI Announces Leadership Changes

Ron Bernstein, David Boer and Steve Garland have been named to new leadership positions within WAI Global.

TBC Corp. Names COO for TBC Brands, TBC International

Newly appointed Bill Schafer will oversee all TBC Brands and TBC International sales initiatives.

TBC Corp. Names COO for TBC Brands, TBC International
DriV Announces Changes to North America Sales Team

Kelly Tisler was promoted to VP of retail and eCommerce sales, and Tony Genna was named VP of sales for traditional, specialty and NAPA accounts.

Other Posts

REV Group Appoints New Chief Financial Officer

Amy Campbell sits on REV’s executive leadership team and reports to CEO and President Mark Skonieczny.

REV Group Appoints New Chief Financial Officer
Continental Appoints Plant Manager of New Braunfels, Texas, Plant

Brandon Lane will oversee all aspects of the New Braunfels plant operations, including production, quality control, and employee and community relations.

Lane Appointed New Plant Manager of Continental New Braunfels
Holley Performance Brands Appoints Chet Baker SVP of Sales

Baker will lead the company’s sales team, developing and executing strategies to drive growth across Holley’s portfolio of brands.

Chet Baker Holley
Piston Automotive Announces Jana Rosenmann as New President

Rosenmann is a highly strategic senior executive from the automotive and defense industries.