Monro, Inc. (NASDAQ: MNRO) confirmed that Peter Fitzsimmons will serve as the company’s full‑time President and Chief Executive Officer, a role that became effective on December 3, 2025. The agreement also grants Fitzsimmons a seat on Monro’s Board of Directors and Executive Committee, reinforcing his influence over the firm’s strategic direction.
Fitzsimmons had been leading Monro as President and CEO under an engagement letter with AlixPartners’ affiliate AP Services, LLC. He resigned from that affiliate on December 2, 2025, to devote his full attention to Monro. His background in operational turnaround—most recently at a large logistics firm—positions him to accelerate the company’s performance‑improvement plan, which focuses on store optimization, digital transformation, and customer engagement.
Monro’s fiscal 2025 results underscored the urgency of the plan. Total revenue of $1.19 billion was flat year‑over‑year, and the company posted a negative earnings‑per‑share figure for the year. The company has identified 145 stores for closure by the end of Q1 FY2026, a move aimed at trimming under‑performing locations and improving operating leverage. Despite the revenue plateau, Monro maintains a 5.92% dividend yield and has paid dividends for 21 consecutive years, signaling a commitment to shareholder returns amid restructuring.
Management emphasized confidence in the new leadership. Robert Mellor, Chairman of the Board, said, “Peter has worked closely with the management team and Board to develop and execute the performance‑improvement plan, and we are delighted to have him fully committed as President and CEO.” Fitzsimmons added, “I am thrilled to lead Monro as we continue to grow profitability and deliver shareholder value. The momentum we have built is a solid foundation for unlocking the company’s full potential.”
The appointment is expected to provide continuity as Monro pursues its operational strategy. By consolidating store operations, investing in digital tools such as ConfiDrive, and maintaining a disciplined cost structure, the company aims to reverse its flat revenue trend and restore profitability. The move also signals to investors that Monro’s board is focused on long‑term value creation, even as the company navigates macro‑economic headwinds such as inflation and shifting consumer spending patterns.
The market has responded cautiously. On the day of the announcement, Monro’s shares traded around $18.91, a rebound from a 52‑week low but still below the company’s all‑time high. The modest reaction reflects the company’s ongoing challenges, even as leadership stability offers a positive signal for future performance.
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