Promotes David Meniane to CEO and Ryan Lockwood to CFO – PR Newswire

March 15, 2022 by No Comments

TORRANCE, Calif., March 15, 2022 /PRNewswire/ —, (NASDAQ: PRTS), a leading e-commerce provider of automotive parts and accessories, today announced effective April 18, 2022, COO & CFO, David Meniane will transition to CEO and SVP of Finance, Ryan Lockwood will become CFO. Lev Peker will step down as Chief Executive Officer and director, effective as of close of business on April 15, 2022, to pursue other business opportunities. The Company has also appointed Mr. Meniane as a Class III director to fill the resulting vacancy from Mr. Peker’s departure from the Board.

“ has undergone an aggressive turnaround journey, resulting in growth across the business as well as an improved customer experience,” said David Meniane, current COO & CFO and incoming CEO. “I am proud to be assuming the role of CEO at this exciting time and, with Ryan and the team at, will remain focused on business execution, serving our customers and taking to the next level.” 

Through this shift in leadership, the mission of remains the same. Guided by a strategy of Right Part, Right Time, Right Place, experienced its most successful year to date in 2021, recently announcing its latest quarterly and annual earnings earlier this month. The Company continues to disrupt the auto parts aftermarket industry – resulting in  growth and innovation.

“Since joining in 2019, David has been an integral part of the Company’s transformation and he intimately knows the business, having built, among many other things, a vertically integrated supply chain and the Company’s data science team. What’s more, he helped us navigate a global pandemic, both from a staff and operations perspective,” said Lev Peker, outgoing CEO. “2021 was a year of challenges for many but together we have established a solid foundation that will allow the organization to navigate the future. Alongside David, Ryan will continue to drive the business forward through financial discipline and market strategy. His knowledge of the financial industry is critical to ensuring’s continued success.” 

“After experiencing our eighth consecutive quarter of year-over-year sales growth, I believe in our ability to execute on our long-term growth strategy and disrupt a $300B industry,” said Lockwood. “I’m excited about where the Company is headed and I’m grateful to have the opportunity to work alongside an incredible leadership team as we serve our valued customers, partners, and community.”  

Incoming CEO David Meniane added, “I would like to personally thank Lev for his leadership, dedication and commitment to, and wish him tremendous luck in his future endeavors.” 

With over 25 years of experience, and more than 50 million parts delivered, we’ve streamlined our website and sourcing network to better serve the way drivers get the parts they need. Utilizing the latest technologies and design principles, we’ve created an easy-to-use, mobile-friendly shopping experience that, alongside our own nationwide distribution network and vertically integrated supply chain, cuts out the brick-and-mortar supply chain costs and provides quality parts at competitive pricing. 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. is headquartered in Torrance, California. 




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