O'Reilly Automotive Announces New Co-Presidents

27 July 1999

O'Reilly Automotive Announces New Co-Presidents

    SPRINGFIELD, Mo.--July 27, 1999--O'Reilly Automotive, Inc. ("O'Reilly") today announced the promotion of Ted Wise, Executive Vice-President and Greg Henslee, Senior Vice-President, to Co-Presidents of the company.
    Mr. Wise will oversee store operations, sales and real estate. Mr. Henslee will be responsible for information systems, distribution and merchandise.
    Mr. Wise, age 48, has served O'Reilly for 28 years in numerous capacities, including store manager, district manager and Vice-President of Store Operations. Mr. Henslee, age 38, has 15 years of service with responsibilities including computer operations, customer service, inventory control and loss prevention.
    David O'Reilly, Chief Executive Officer, and Larry O'Reilly, Chief Operating Officer, have been named Co-Chairmen of the Board, in addition to their present positions. Charlie O'Reilly, current Chairman of the Board, will now serve as Vice-Chairman.
    "The promotions of Wise and Henslee represent a very positive expansion of leadership at the highest levels of the company. By having truly professional, experienced leaders in these key roles we will be better positioned to continue our aggressive growth plans", said David O'Reilly.
    Larry O'Reilly stated, "David and I will continue to be very involved in the day-to-day operations, but will be better able to focus on the direction, strategic expansion and financial health of the company".
    O'Reilly Automotive is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional installer markets. Founded in 1957 by the O'Reilly family, the company operates 515 stores within the states of Texas, Missouri, Oklahoma, Kansas, Iowa, Arkansas, Louisiana, Nebraska and Illinois as of June 30, 1999.
    Statements contained in this press release which are not historical facts are forward-looking statements. Such forward-looking statements are necessary estimates reflecting the best judgment of the party making such statements based upon current information and involve a number of risks and uncertainties. Forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors. There can be no assurance that such factors will not affect the accuracy of such forward-looking statements. We assume no obligation to update these forward-looking statements.