PHILADELPHIA — Icahn Enterprises L.P.'s Pep Boys business has hired longtime Menard Inc. executive Scott Collette as its CEO, filling a position left open since November 2022 when former President and CEO Brian Kaner left the company.
Collette spent the past 32 years at Menard, including the last 15 as chief operating officer, serving as a leading force in building profit, expanding the business footprint and driving continued sales growth throughout his tenure, according to Pep Boys.
At Pep Boys, Collette will "prioritize retention and recruitment efforts" while bringing a "keen focus" on talent development and workplace culture, the business unit said.
Under Collette's leadership, Pep Boys said it will be looking to expand and grow its footprint with a focus on strategic, high-growth markets.
Pep Boys operates a network of 900-plus retail auto service stores throughout the U.S. and in Puerto Rico. Each location provides preventive maintenance, tire installations and both routine and major repairs performed by ASE-certified technicians.
Pep Boys is part of the Icahn Automotive Group L.L.C., which reported an adjusted pre-tax operating profit of $1 million for its most recent reporting period, the quarter ended Sept. 30.
Icahn Automotive — which also franchises the AAMCO and Precision Tune businesses — said quarterly sales revenue increased 8.6% to $627 million as higher automotive service revenue of $55 million offset a drop of $34 million in aftermarket parts sales.
For the nine months ended Sept. 30, Icahn Automotive's adjusted EBITDA was $12 million, down 63% from a year ago. Sales revenue fell 1.2% to $1.81 billion.
Kaner, Pep Boys top executive for from June 2019 through last November, left Pep Boys to become executive vice president and chief operating officer for Boyd Group Services Inc.'s collision business.