CFO resignation and new chairman for Advance Auto Parts

• Advance Auto Parts (NYSE:AAP) announces that CFO Mike Norona is resigning from the company. Norona will stay on until someone is hired to fill the position.
• The company says Starboard's Jeffrey Smith has been appointed to the chairman position. Smith was already on the board as an independent director.
• Shares of Advance Auto Parts are down 11% premarket to $128.21 after a weak report on Q1 sales.
• Previously: Advance Auto Parts down after earnings miss (May 19)