Advance Auto Parts to add 3 new directors after Dan Loeb's firm takes stake

Advance Auto Parts is appointing three new board members after hedge funds Third Point LLC and Saddle Point Management took positions in the automotive afterparts provider, the company said.The company will add executives with automotive supply chain and merchandising expertise to sit on its board which currently has nine members.The board refreshment comes only six months after the company picked Shane O’Kelly, a former US Army captain who had held senior roles at Home Depot, to replace Tom Greco as chief ...