CarParts.com Expands Leadership Team to Accelerate Technology Growth

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TORRANCE, Calif., April 18, 2022 /PRNewswire/ — CarParts.com, (NASDAQ: PRTS), a leading online auto parts company dedicated to getting drivers back on the road, today announced the appointment of Kals Subramanian as Chief technology, from April 182022. As previously announced, the Board of Directors recently unanimously promoted David Meniane as its new CEO and this new strategic hire will be the first under his leadership.

CarParts.com Logo (PRNewsfoto/CarParts.com, Inc.)

Mr. Subramanian joins CarParts.com after serving as vice president of e-commerce technology at Lowe’s. He has also held leadership positions at Best Buy and Target in marketing technology, business intelligence and customer experience products. With a focus on engineering, product management and building global teams, Kals has achieved double-digit growth in initiatives under his leadership, ranging from service and sales growth to customer engagement. employees.

“As we continue to invest in technology and build on the strong foundation we have established over the years, Kals will bring his unique e-commerce expertise and experience which will be of great value to the company,” said David Meniane, CEO. “He will be an integral part of the team and essential to our mission to be a one-stop destination for customers’ auto repair needs.”

“The progress CarParts.com has made over the past three years is energizing and encouraging, and I look forward to working with internal and external stakeholders to continue to deliver a top-notch experience,” said Subramanian. “The tech stack that Sanjiv Gomes designed during his tenure is very impressive, and I am honored to be part of the team that will drive things forward in the future.”

To this end, Sanjiv Gomes will fill the newly created position of Chief Information Officer, allowing him to better focus on engineering and architecture. “I am thrilled with this opportunity and look forward to working with Kals. CarParts.com has always had a strong culture of innovation. I am grateful for the opportunity to support the development of strategies and initiatives that keep the industry and our customers top of mind.”

The strategic change in leadership is part of continuing CarParts.com’s mission to disrupt the auto parts and repair aftermarket industry. On the heels of the company’s most successful year to date in 2021, growth and innovation remain paramount, and the organization looks to the future of its technological advancements.

About CarParts.com

With over 25 years of experience and over 50 million parts shipped, we’ve streamlined our website and supply network to better serve drivers getting the parts they need. Using the latest technology and design principles, we’ve created an easy-to-use, mobile-friendly shopping experience that, alongside our own national distribution network and vertically integrated supply chain, reduces the cost of brick and mortar supply chain and provides quality parts at competitive prices. Our proprietary catalog is constantly expanding and we continue to add new products, applications, sets and kits for house brands, as well as premium branded products.

CarParts.com is headquartered in Torrance, California.

Safe Harbor Statement
This press release contains statements based on management’s current expectations, estimates and projections regarding the Company’s business and its industry, and certain assumptions made by the Company. These statements are forward-looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as “expects”, “could”, “expects”, “intends”, “plans”, “potential”, “believes”, “predicts”, “projects”, “seeks” , “believes”, “may”, “”, “could”, “probably will”, and variations of these words or similar expressions are intended to identify forward-looking statements. Such statements include, but are not limited to, statements regarding our future operating results and financial condition, our growth potential, our ability to innovate, our ability to gain additional market share, and our ability to expand and improve our product offerings. obligation to revise or publicly update any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Accordingly, our actual results could differ materially and adversely from those expressed in the forward-looking statements due to a variety of factors.

Important factors that may cause such a difference include, but are not limited to, competitive pressures, our reliance on search engines to attract customers, demand for the Company’s products, the online marketplace and the combination of channels for replacement automotive parts, the general economy, price increases for raw materials and components that would increase the costs of the Company’s products, operating restrictions in its credit agreement, weather conditions, l impact of customs issues and any other factors disclosed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including risk factors contained in the company’s annual report on Form 10- K and Quarterly Reports on Form 10-Q, which are available at www.carparts.com/investor and on the SEC’s website at www.sec.gov. You are urged to carefully consider these factors when evaluating the forward-looking statements contained in this release and you are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as otherwise required by law, the Company expressly disclaims any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Relations:
Ryan Lockwood
IR@CarParts.com

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SOURCE CarParts.com, Inc.

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