Monro (MNRO) announced the appointment of Peter Fitzsimmons, partner and managing director of AlixPartners, as president and CEO, effective immediately. Michael Broderick has departed the company as president and CEO following the board’s determination that a change in leadership is necessary. Fitzsimmons’ mandate is to work with the management team and board to develop and execute a performance improvement plan to enhance operations, drive profitability, and increase operating income and total shareholder returns. During his career, Fitzsimmons has served in senior executive roles at clients undertaking significant efforts to improve operations and financial performance.
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