Pep Boys seeks CEO

The Pep Boys president, CEO and director Mike Odell has resigned. Director John Sweetwood has been named interim CEO, effective immediately.



Sweetwood has served on Pep Boys’ board of directors since 2002 and is currently the president of Woods Investment, LLC, a private real estate investment firm. Sweetwood is the former president of the Americas Six Continents Hotels (currently Intercontinental Hotel Group), which operates hotels under the InterContinental, Crown Plaza, Holiday Inn and other brands.



“On behalf of the board, I want to thank Mike for his contributions during the past seven years and wish him well in his future endeavors,” said chairman of the board Robert Hotz.



“I look forward to working with management and Pep Boys 18,000+ associates in successfully executing Pep Boys’ Road Ahead strategy and in realizing our vision to be the best place to shop and care for your car,” added Sweetwood.



The board intends to conduct a search among internal and external candidates for a permanent CEO.