CarParts.com Announces Board Transitions Following Strategic Investment
CarParts.com (NASDAQ: PRTS) announced board transitions following a recently completed strategic investment from ZongTeng Group, A-Premium and CDH Investments on October 8, 2025. Effective October 7, 2025, Henry Maier and James Barnes stepped down from the board. The strategic investors designated Thomas Yunlong Man and Na "Mina" He as board observers; Mr. Man brings 17 years of cross-border M&A and transaction experience and academic credentials, and Ms. He leads industrial investment and post-investment management at Fujian Zongteng Network and holds economics and accounting degrees. Following the changes, the board will consist of six directors.
CarParts.com (NASDAQ: PRTS) 은 최근 완료된 전략적 투자로 인해 이사회에 변화가 있었다고 2025년 10월 8일 발표했다. 2025년 10월 7일부로 헨리 마이어와 제임스 반즈는 이사회에서 물러났다. 전략적 투자자들은 이사회 관찰자로 토마스 윤룡 만과 나 "미나" 허를 지명했다; 만 씨는 17년의 국경 간 M&A 및 거래 경험과 학력을 보유하고 있으며, 허 씨는 Fujian Zongteng Network에서 산업 투자 및 사후 투자 관리 업무를 주도하고 경제학 및 회계학 학위를 보유하고 있다. 이러한 변화로 이사회는 여섯 명의 이사로 구성된다.
- Strategic investment completed from ZongTeng, A-Premium, and CDH
- Two investor-designated board observers appointed
- Appointed observers bring cross-border M&A and investment expertise
- Board now consists of six directors
- Henry Maier stepped down from the board effective October 7, 2025
- James Barnes stepped down from the board effective October 7, 2025
Insights
Board changes and strategic investors announced; observers added after completed investment on
CarParts.comZongTeng GroupA-PremiumCDH InvestmentsOct. 7, 2025. Two long-serving directors, Henry Maier and James Barnes, stepped down and the investors designated Thomas Yunlong Man and Na "Mina" He as board observers. The board will now consist of six directors.
The business mechanism is straightforward: new capital or strategic backing triggered governance changes and investor representation via observer seats rather than full board seats. The announcement lists concrete credentials for the observers, including cross-border M&A and investment-management experience, which signals the investors want visibility into governance and strategy without immediate board control.
Key dependencies and risks are clear from the facts disclosed: the extent and terms of the strategic investment are not provided here, so the practical influence of the investors is uncertain. Watch for any future filings or announcements that disclose transaction size, voting agreements, or conversion rights, and any subsequent changes to board composition or committee assignments. Near-term items to monitor include any formal board appointments, public disclosures of the investment terms, and governance updates within the next few quarters.
In connection with the strategic investment, Henry Maier and James Barnes have decided to step down from the Company's Board of Directors, effective October 7, 2025.
The strategic investors have designated Thomas Yunlong Man and Na "Mina" He as board observers. Mr. Man brings extensive cross-border M&A and corporate transaction experience from his 17-year career as a partner with leading international law firms including Baker & McKenzie, Orrick, Hogan Lovells, and Morrison & Foerster. He was recognized as a "Leading Lawyer" in M&A and Project Finance by International Financial Law Review. Mr. Man holds a J.D. from Indiana University Maurer School of Law and a Ph.D. in American Constitutional History from Johns Hopkins University, and currently serves as Professor from Practice at Peking University School of Transnational Law.
Ms. He currently serves as Investment Manager at Fujian Zongteng Network Co., Ltd., where she leads industrial investment projects and post-investment management. She previously worked as an Investment Analyst at a dual-listed (US/
"Henry and Jim have been exceptional board members who made significant contributions during a pivotal time in CarParts.com's evolution," said Barry Phelps, Chairman of the Board. "Their expertise, dedication, and strategic counsel have been instrumental in building the foundation for our future growth. On behalf of the entire Board, we thank them for their outstanding service and wish them well in their future endeavors."
"We welcome Thomas and Mina as board observers and look forward to benefiting from their considerable expertise," said David Meniane, CEO of CarParts.com.
Following these changes, the CarParts.com Board will consist of six directors.
About CarParts.com, Inc. CarParts.com, Inc. is a technology-led ecommerce company offering over 1 million quality automotive parts and accessories. Operating for over 25 years, CarParts.com has established itself as a premier destination for drivers seeking repair, maintenance, and upgrade solutions. Taking a customer-first approach, we deliver a seamless, mobile-friendly shopping experience across our website and app. With a commitment to delivering exceptional value backed by our nationwide, company-operated distribution network, fast shipping and experienced customer service team, CarParts.com aims to eliminate the uncertainty and stress often associated with vehicle maintenance and repair. The company operates CarParts.com and a portfolio of private-label and marketplace brands, including CarParts Wholesale, JC Whitney, Garage-Pro, Evan Fischer, and more.
CarParts.com is headquartered in
Investor Relations Contact:
Ryan Lockwood
Chief Financial Officer
investor.relations@carparts.com
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SOURCE CarParts.com, Inc.
FAQ
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