On March 26, 2021, O'Reilly Automotive, Inc. announced the appointments of Greg Henslee to the position of Chairman of the Board (Executive Chairman") and David O'Reilly to the position of Executive Vice Chairman of the Board (Executive Vice Chairman"), both appointments subject to the respective individual's election as a director at the Company's 2021 Annual Meeting of Shareholders (the Annual Meeting") to be held on May 13, 2021, and effective immediately following the Annual Meeting. Mr. O'Reilly currently serves as Executive Chairman and Mr. Henslee currently serves as Executive Vice Chairman. Mr. Henslee, age 60, has served as a member of the company's Board of Directors (the Board") since November 2017 and Executive Vice Chairman of the Board since May 2018. Mr. Henslee served as the company's Chief Executive Officer from February 2005 until May 2018; as President from December 2012 to February 2017; as Co-President from 1999 to 2012; as Senior Vice President of Information Systems, Inventory Control, Customer Service, Computer Operations, Pricing and Loss Prevention from 1998 to 1999; as Vice President of Store Operations from 1995 to 1998; and as Director of Computer Operations and Loss Prevention from 1993 to 1995. Mr. O'Reilly, age 71, has served as a member of the Board since 1972, as Executive Chairman of the Board since February of 2005, and as Co-Chairman of the Board from August 1999 to February 2005. Mr. O'Reilly served as the company's Chief Executive Officer from March 1993 to February 2005; as President from March 1993 to August 1999; and as Vice President from 1975 to March 1993.