Advance Auto Parts, Inc. announced that it has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. Tony Iskander, who has served as interim chief financial officer since August 2023 will continue in his role as senior vice president, finance and treasurer. Mr. Grimsland, 46, brings more than 20 years of corporate finance, treasury, financial planning, and retail strategy and transformation experience.

Most recently, Mr. Grimsland served as senior vice president, strategy and transformation at Lowe?s Companies, Inc. During his 17-year tenure at Lowe?s he held leadership roles across all aspects of the finance organization, including senior vice president, corporate finance and treasurer; vice president, corporate financial planning and analysis; and vice president, stores finance. Prior to joining Lowe?s, he held positions in operations and finance at Haverty?s Furniture and UBS. Mr. Grimsland earned an MBA in accounting from Benedictine University and a bachelor?s degree in business administration from High Point University.

The company also announced that it is eliminating the position of executive vice president, merchandising, marketing and e-commerce, currently held by Jason McDonell, as part of its efforts to streamline the organizational structure. As a result, Mr. McDonell will depart from the company effective December 1, 2023. Mr. McDonell?s responsibilities will be assumed by other members of the Advance leadership team.