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AutoZone Inc. AZO on Monday said Bill Rhodes would relinquish his positions as chief executive and president in January 2024 and become executive chairman of the car-parts retailer’s board. Philip Daniele, a 29-year veteran of the company, will replace Rhodes — who had spent more than 18 years as AutoZone’s CEO — at the top spot in January and join AutoZone’s board. Daniele currently holds the title of executive vice president merchandising, marketing and supply chain. Shares were unchanged after hours.
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