The name change represents a milestone in the company’s history, as Monro celebrates its 60th anniversary and crosses the $1 billion sales mark for the first time this year.
Net income for the first quarter of fiscal 2018 was $17.6 million, as compared to $16.8 million in the same period of the prior year.
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.
The company reported that fiscal 2017 sales increased 8 percent to a record $1.022 billion.
MAM has been supporting Monro for more than two decades and the relationship is set to continue, following a recent upgrade to its business management software.