Philip B. Daniele, III
Also at Autozone Inc
About
At 55 years old with approximately 40 years of experience in the aftermarket automotive industry, he has established a robust background and commitment to excellence in every role he has assumed.
He began his journey at the company in 1993, steadily working his way through multiple key management positions. Over the decades, his career has been marked by progressive leadership roles, including serving as Divisional Vice President, Vice President in various capacities, Senior Vice President, and Executive Vice President, before being named CEO-Elect in mid-2023.
In January 2024, he was appointed as President and Chief Executive Officer, a role that capped decades of dedicated service and highlighted his strategic vision and operational expertise. His extensive experience across merchandising, marketing, supply chain, and store operations continues to drive the company’s growth and success.
$AZO Performance Under Philip B. Daniele, III
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| AutoZone (AZO) | CEO-Elect | June 2023 - January 2024 | Former role before promotion to President and CEO |
| AutoZone (AZO) | Executive Vice President – Merchandising, Marketing, and Supply Chain | June 2021 - September 2023 | Former leadership role |
| AutoZone (AZO) | Senior Vice President – Commercial | 2015 - 2021 | Former leadership role |
| AutoZone (AZO) | Vice President – Commercial Support | 2013 - 2015 | Former leadership role |
| AutoZone (AZO) | Vice President – Merchandising | 2008 - 2013 | Former leadership role |
| AutoZone (AZO) | Divisional Vice President – Store Operations | 2005 - 2008 | Former leadership role |
| AutoZone (AZO) | Key Management Positions | Prior to 2005 | Various key roles within the company |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $855,000 | Annually | Fixed annual salary |
| Perquisites and Personal Benefits | $16,585 | Annually | Includes matching charitable contributions, home security system/monitoring services, airline club memberships, spouse business-related travel, long-term disability insurance premiums |
| Charitable Contributions | $50,000 | Annually | Matching contributions under the AutoZone Matching Gift Program |
| Imputed Income | $11,191 | Annually | Represents imputed earnings on company-paid, taxable life insurance and miscellaneous items |
| Employer Contributions | $35,745 | Annually | Contributions to the AutoZone, Inc. 401(k) Plan and the AutoZone, Inc. Executive Deferred Compensation Plan |
| Life Insurance Premiums | $2,720 | Annually | Company-paid life insurance premiums |
Performance Compensation
Non-Equity Incentive Plan Compensation
| Metric | Value | Notes |
|---|---|---|
| Base Salary | $855,000 | Basis for computing target incentives |
| Target Incentive % | 114.8% | Target incentive as a percentage of base salary |
| Target Incentive Amount | $1,009,327 | 114.8% of base salary |
| Actual Payout Amount | $1,002,363 | 99.31% of target incentive |
| Threshold | 50% of Target | Minimum payment level under the EICP |
| Maximum (Cap) | 300% of Target | Maximum incentive under the EICP |
| Evaluation Period | N/A | Not provided |
| Vesting Schedule | N/A | No vesting schedule details provided |
Stock Awards
No performance metrics or targets provided for the Stock Awards component.
Option Awards
No performance metrics or performance targets provided for the Option Awards component.