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MEMPHIS, Tenn. - AutoZone, Inc. (NYSE: AZO), a leading retailer and distributor of automotive replacement parts and accessories, announced today the appointment of Claire Rauh McDonough to its Board of Directors. McDonough, currently serving as the Chief Financial Officer of Rivian, brings a wealth of experience from her time in investment banking and her role at the electric vehicle manufacturer. The appointment comes as AutoZone, now valued at over $61 billion, maintains its position as a prominent player in the Specialty Retail industry according to InvestingPro data.
Bill Rhodes, Executive Chairman of AutoZone, expressed enthusiasm about McDonough joining the board, citing the unique skills she will contribute. "The board and management team look forward to working with her in this new capacity," Rhodes stated.
With McDonough’s appointment, the AutoZone Board now comprises 10 members. Her experience includes a stint as a Managing Director at J.P. Morgan and co-heading the Disruptive Commerce Group. She also holds board positions at Rivian and Volkswagen Group Technology LLC.
AutoZone operates 6,483 stores in the U.S., 813 in Mexico, and 136 in Brazil, totaling 7,432 stores as of February 15, 2025. The company is recognized as a top retailer and distributor in the Americas, offering a wide range of products for vehicles through its stores and online platforms, including autozone.com and autozonepro.com. Additionally, AutoZone markets automotive diagnostic and repair software through the ALLDATA brand. Want deeper insights into AutoZone’s performance and potential? InvestingPro offers exclusive access to detailed financial analysis and 10+ additional expert insights about AZO’s market position and growth prospects.
The company emphasizes that it does not generate revenue from automotive repair or installation services. This latest board appointment reflects AutoZone’s commitment to leadership with diverse expertise in the rapidly evolving automotive industry.
This announcement is based on a press release statement from AutoZone, Inc.
In other recent news, AutoZone Inc. announced an amendment to its corporate governance policy, lowering the threshold for shareholders to call a special meeting from a majority to 25% of voting stock. This change aims to enhance shareholder rights and engagement. Additionally, Goldman Sachs upgraded AutoZone’s stock rating from ’Sell’ to ’Neutral’, raising the price target to $3,811, citing improvements in the company’s "do it for me" business segment and strong pricing power. DA Davidson maintained its Buy rating for AutoZone, with a price target of $4,192, highlighting the company’s increased investment in distribution as a positive factor. AutoZone expanded its distribution network by 25% over five years, with new centers being significantly larger.
Furthermore, shares of AutoZone and other auto parts retailers rose following the announcement of a 25% tariff on foreign-made vehicles. This tariff is expected to extend vehicle lifecycles, potentially increasing demand for auto parts. Analysts suggest that the tariff could challenge the retail sector, but companies like AutoZone, with strong pricing power, may benefit. UBS noted that AutoZone’s ability to navigate the new tariff landscape could be complex, yet the company remains well-positioned due to its domestic focus and strategic planning.
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