CHARLOTTE, N.C.American Tire Distributors Holdings Inc. (ATD) President and CEO William E. (Bill) Berry plans to retire and will turn over the reigns to one of the nation's largest tire distributors once his successor has been appointed.
Upon his retirement, Mr. Berry will transition into an adviser role for the company. ATD said both internal and external candidates will be considered to replace Mr. Berry.
It has been my privilege to lead ATD through a period of substantial growth and to build a company that is ready to shape the future of our industry, Mr. Berry said.
Mr. Berry has spent more than 30 years in the tire industry, beginning in 1984 when he was the corporate controller for ITCO Tire Co. He joined ATD in 1998 as a result of the company's merger with ITCO and served as senior vice president of finance for the southeast division. He was named ATD's executive vice president and chief operating officer in January 2002 and was named president and COO in 2003. Mr. Berry assumed the president and CEO roles in April 2009.
Mr. Berry has led the Charlotte-based company through a period of rapid growth, which included its international expansion into Canada, according to ATD.
In its 2014 10K filing, ATD reported net sales of $5.03 billion and a passenger/light truck tire replacement market share of about 14 percent in the U.S. and 25 percent in Canada by operating through more than 140 North American distribution centers.