Thomas R. Greco is the former Chief Executive Officer of Advance Auto Parts, a leading automotive aftermarket retailer. He took on the role in April 2016 after a successful career at PepsiCo, where he was at the helm of Frito-Lay...

Thomas R. Greco is the former Chief Executive Officer of Advance Auto Parts, a leading automotive aftermarket retailer. He took on the role in April 2016 after a successful career at PepsiCo, where he was at the helm of Frito-Lay North America. Greco has a strong background in managing large-scale operations and has held various leadership positions within PepsiCo since starting there in 1986. His tenure at Advance Auto Parts saw him navigate through challenging times, especially with performance metrics not meeting expectations in recent years. In 2023, he announced his retirement, signaling a new chapter for him and the company. While his compensation fluctuated significantly during his leadership, his focus remained on performance-based pay, linking executive benefits directly to company success. Greco's experience and strategic mindset played a crucial role in shaping the company's direction, making him a notable figure in the retail automotive sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

A

Thomas R. Greco

CEO of Advance Auto Parts

Education

MBA from the University of Chicago Booth School of Business

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

April 1, 1958 - 67 years ago

CEO of Advance Auto Parts for

9 years 1 month (Apr 2016 - Present)

Previous Experience

President of Frito-Lay North America, a division of PepsiCo

Rivals

Competitors/colleagues of Thomas R. Greco

C

Charles Joseph Wilson

CEO of CarMax

2023 Compensation

Stock

$0.00

Salary

$643.75K

Bonus

$363.33K

Other

$0.00

Total Holdings

$1.10M

A

William C. Rhodes, III

CEO of AutoZone

2022 Compensation

Stock

$0.00

Salary

$1.05M

Bonus

$0.00

Other

$295.79K

Total Holdings

$57.06M

Holdings

See how much did Thomas R. Greco make over time.

As of 2023, Thomas R. Greco held no significant stock awards, given that the performance metrics for the year were not met, and as a result, none of his performance-based shares vested. His wealth in stock holdings has seen fluctuations...

As of 2023, Thomas R. Greco held no significant stock awards, given that the performance metrics for the year were not met, and as a result, none of his performance-based shares vested. His wealth in stock holdings has seen fluctuations over the years, peaking in 2021 with a compensation package totaling around $10 million. In 2022, this dropped significantly to approximately $8.4 million, and in 2023, it further decreased to about $4.1 million, primarily due to the underperformance. Greco's focus has been largely on performance-linked awards rather than guaranteed stock grants, which reflects the company’s push toward aligning executive compensation with business results. This strategy left him with limited direct equity stakes in the firm as his time at Advance Auto Parts progressed.

Mar 18, 2025

A

shares

AAP @ $37.72

P

shares

PEP @ $148.99

T

shares

TPR @ $70.97

Total Stock Sold

$9.08M

PEP

$9.08M

99,251 PEP shares

What if they kept their stock?

If Thomas R. Greco didn't sell their stock, today they would have:
Extra PEP99,251 shares worth $12.96M.
This is 42.79% and $3.88M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas R. Greco.

TPR

$85.00K

TPR at $27.33/share

Nov 2, 2023

Received

TPR

$85.00K

TPR at $34.98/share

Nov 15, 2022

Received

TPR

$200.69K

TPR at $35.52/share

Mar 10, 2022

Received

AAP

$1.63M

AAP at $204.48/share

Feb 28, 2022

Received

TPR

$74.98K

TPR at $41.82/share

Nov 3, 2021

Received

AAP

$1.50M

AAP at $176.50/share

Mar 8, 2021

Received

TPR

$74.99K

TPR at $29.63/share

Dec 9, 2020

Received

AAP

$991.71K

AAP at $136.13/share

Jun 15, 2020

Purchase

AAP

$1.65M

AAP at $132.99/share

Mar 2, 2020

Received

AAP

$1.50M

AAP at $132.99/share

Mar 2, 2020

Received

Compensation History

See how much did Thomas R. Greco make over time.

Thomas R. Greco’s compensation at Advance Auto Parts has varied significantly over the years. In 2021, he received a total of about $10 million, largely due to bonuses linked to performance metrics that year, marking a high point in his earnings. However, by 2023, his overall compensation fell to $4.1 million, which was minimally impacted by base salary and included no bonuses or vested stock due to performance not meeting expectations. This shift illustrates the direct relationships between executive pay and company performance, underscoring a philosophy that emphasizes results over guarantees. His focus on performance-based compensation showed both a commitment to driving results for the company and the risks that come with tying earnings so closely to performance metrics.

Year

2023

Total Compensation

$1.14M

Salary

$1.13M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while also considering market competitiveness.

Bonus

$0.00

Board Justification

No short-term incentive payout due to performance metrics not being met in 2023.

Other

$14.02K

Board Justification

Other compensation includes 401(k) matching contributions and life insurance premiums paid by the Company.

Restricted Stock

$0.00(3M RSUs)

Board Justification

Vested stock awards for 2023 included performance-based restricted stock units (PSUs) that were tied to operating income metrics, but no shares vested due to threshold performance not being achieved.

Performance Metrics

The performance metrics for 2023 included comparable store sales growth, operating income, and free cash flow, none of which met the threshold for incentive payouts.