American Tire Distributors Initiates Leadership Transition

Appoints Michael Broderick as Interim President

HUNTERSVILLE, N.C., Oct. 20, 2026 /PRNewswire/ -- American Tire Distributors ("ATD"), one of the largest independent suppliers in the replacement tire industry, today announced the appointment of Michael Broderick as Interim President, effective immediately. Broderick succeeds Ira B. Silver. In connection with Broderick's appointment, ATD announced that the Company and Silver have parted ways.

Broderick, a current member of ATD's Board of Directors and an experienced automotive aftermarket executive, will support the leadership transition while the Board conducts a comprehensive search for a permanent Chief Executive Officer, considering both internal and external candidates.

ATD remains an important participant in the North American tire industry, with an extensive distribution network, longstanding customer relationships and a broad portfolio of leading manufacturer and proprietary tire brands. With the continued support of its ownership group, the Company remains focused on strengthening its market position, enhancing operating performance and executing its long-term strategic transformation.

During 2026, ATD made significant progress toward rightsizing its business and investing in its national distribution network. Over $170 million of structural costs were eliminated, with a portion of the savings reinvested in the business. Industry partners, including manufacturers and customers, have continued to support ATD. With the backing of its shareholders, ATD plans to make further investments in its national distribution network to better serve customers and manufacturer partners.

"ATD has made important progress sharpening our focus on our core tire distribution business, improving operational efficiency and delivering outstanding service and value to our customers and partners. As we look to accelerate these efforts, we determined that now is the right time to initiate a leadership transition," said Philippe Gilbert, Chairman of the Board of Directors of ATD. "Mike brings substantial experience leading complex automotive businesses, and we are pleased that he is stepping in as Interim President to help us during this transition period. He will be supported by the ATD management team, which has played a central role in the Company's operational transformation, providing continuity of leadership across its distribution operations and strategic initiatives. On behalf of the Board, I would like to thank Ira for his leadership and contributions to help move the Company forward during a critical time."

"I'm excited to step in and work alongside ATD's team of talented associates as we focus on enhancing our network to provide customers with high-quality products and unparalleled service," said Broderick. "As a member of ATD's Board and over a decade of working with ATD as a customer, I've witnessed firsthand the strength of the Company's robust national distribution network, deep customer and manufacturer relationships and long-held commitment to exceptional service. I look forward to advancing our efforts to strengthen our core tire distribution business and build a stronger, more efficient company."

About Michael Broderick

Mr. Broderick has more than 25 years of experience executing profitable growth and business transformation strategies in the aftermarket parts and tire service industries. He most recently served as President and Chief Executive Officer of Monro, Inc. Before that, he served as Executive Vice President of Merchandising and Store Operations Support at Advance Auto Parts. Prior to joining Advance Auto Parts, Mr. Broderick served as Senior Vice President of the automotive division of Canadian Tire Corporation. Prior to his tenure with Canadian Tire Corporation, he was CEO of Federal-Mogul Corporation. Previously, Mr. Broderick was a President at General Parts. He began his career at AutoZone, where he spent 16 years in a number of field and operational roles, including Vice President of the company's Northeast division.

About American Tire Distributors

American Tire Distributors ("ATD") is one of the nation's largest independent suppliers to the replacement tire industry. With a robust network of over 110 distribution centers, we proudly serve 80,000 customers nationwide. Our extensive inventory and commitment to dependable service are complemented by a suite of value-added services tailored to the tire and automotive service industry.

With a team of nearly 3,500 dedicated associates, ATD is driven by a customer-first mentality. This past year, ATD has been recognized through several prestigious awards, including the Stevie^® Award for Sales & Customer Service, and multiple accolades from The American Business Awards^®. Notably, ATD received the Gold Stevie^® Award for Company of the Year - Automotive & Transport Equipment – Large and the Silver Stevie^® Award for Artificial Intelligence/Machine Learning Solution.

Media Contact

Courtney Broedell
Director, Corporate Communications
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SOURCE American Tire Distributors