Advance Auto Parts to relocate CEO to Raleigh - Greenville, NC | News | Weather | Sports - WNCT.com

Advance Auto Parts to relocate CEO to Raleigh

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State officials announced Wednesday that Advance Auto Parts will relocate its CEO and other executives to Raleigh, generating an expected 600 jobs by 2017.

The North Carolina Economic Investment Committee unanimously voted to award $17.4 million in Job Development Investment Grants to Advance Auto Parts to bring 600 jobs to Wake County, including the company's CEO, president and CFO.

"We're proud to partner with Advance Auto Parts to bring more high-paying management jobs to our state," Gov. Pat McCrory said Wednesday. "This announcement is further evidence that North Carolina's economy is growing and that we are serious about investing in our workforce."

The company, which is headquartered in Roanoke, Va., plans to create an expected 600 new jobs by 2017 and invest more than $5 million when it establishes its Corporate Support Center in Raleigh. The positions that will be based in Raleigh include corporate functions related to merchandising, marketing, supply chain and commercial sales.

The compensation for the new positions will vary by job function, but the average total compensation will be approximately $110,000 plus benefits.
Virginia also bid for the Corporate Support Center. Advance Auto Parts spokeswoman Shelly Whitaker told WSLS-TV in Roanoke, Va., that the company's headquarters is not moving to Raleigh.

"We are pleased to partner with North Carolina and we are delighted that Raleigh, along with Roanoke, Va., will be part of our effort to organize our corporate operations around two Store Support Centers in the Southeastern United States," said company CEO Darren Jackson. "These locations will play an important role in our efforts to serve our customers, drive profitable growth and support the needs of the communities in which we operate."

In January 2014, Advance Auto Parts acquired Raleigh-based General Parts International, Inc. The acquisition created the largest automotive aftermarket parts provider in North America, with annual sales of more than $9.3 billion.

General Parts is the parent company for Carquest.

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