Monro Muffler Brake Names Brett Ponton New CEO And President

By Ciara Linnane Markets MarketWatch Pulse

Monro Muffler Brake Inc. said Wednesday it has elected Brett Ponton as its new chief executive and president, replacing John Van Heel, who has opted not to renew his long-term contract when it expires on Oct. 1. Ponton was most recently CEO of American Driveline Systems, parent of AAMCO Transmissions & Total Car Care. Van Heel will remain with the company in an advisory role. Ponton will assume the role of president on Aug. 1 and become CEO on Oct. 2. Monro operates a network of 1,118 stores that offer undercar repair services, along with wholesale locations and other outlets selling tires and other services. Shares were not active premarket, but have fallen 20% in 2017, while the S&P 500 has gained 8%.

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