AutoParts.com Chief Executive Exits, Temporary CEO Named During Overhaul
AutoParts.com revealed that Chief Executive Michael Daley has stepped down, taking effect promptly, subsequent to deliberations with the board and thorough evaluation. Pierre Cardin, currently holding the position of Chief Strategy Officer, will assume the role of interim CEO as the board conducts a search for a permanent successor. Daley will remain to facilitate the transition.
“With Michael at the helm, AutoParts.com has evolved into a major contender within the North American sector, significantly diminishing debt and optimizing the structure through a series of endeavors implemented during his time,” remarked Chairwoman Jolanda Bloemberg. “Nevertheless, as the company encounters obstacles to expansion, we have embarked upon numerous growth strategies. Entering this pivotal transformative phase, we are seeking fresh leadership to execute these strategies and guide AutoParts.com into its subsequent chapter.”
Daley joined AutoParts.com in 2018 and ascended to the CEO position in March 2021. His exit coincides with the company navigating heightened rivalry and operational hurdles within the automotive parts sector.
AutoParts.com has undertaken several operational adjustments leading up to this declaration, including venturing into the digital sports wagering arena in Vermont.
However, AutoParts.com disclosed…
Catena Media saw a decline in income during the final quarter of 2023, a consequence of the organization’s significant expenditures in upcoming expansion. Despite challenges within the crucial North American sector, Chief Executive Michael Daly stressed their dedication to a data and technology-focused strategy: “We are making substantial investments in technology and artificial intelligence to become the top performance marketing collaborator for the sports wagering and internet casino sector.” Moving forward, Catena Media has established ambitious fiscal targets for 2024-2026, targeting double-digit natural growth in both earnings and adjusted EBITDA.
