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CarParts.com Announces Board Transitions Following Strategic Investment
ByAinvest
Wednesday, Oct 8, 2025 9:14 am ET1min read
CarParts.com announces board transitions following a strategic investment from ZongTeng Group, A-Premium, and CDH Investments. Henry Maier and James Barnes will step down from the board, while Thomas Yunlong Man and Na "Mina" He will join as board observers. The board changes are effective October 7, 2025, and the CarParts.com Board will consist of six directors.
CarParts.com, Inc. (NASDAQ: PRTS), a leading e-commerce provider of automotive parts and accessories, has announced significant board transitions following a strategic investment from ZongTeng Group, A-Premium, and CDH Investments. The changes, effective October 7, 2025, include the departure of Henry Maier and James Barnes from the board, who will be replaced by Thomas Yunlong Man and Na "Mina" He as board observers.Henry Maier and James Barnes, who have been instrumental in CarParts.com's growth, have decided to step down from the board. 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, while Ms. He leads industrial investment projects and post-investment management. Following these changes, the CarParts.com Board will consist of six directors.
The strategic investment from ZongTeng Group, A-Premium, and CDH Investments underscores CarParts.com's commitment to growth and innovation. The addition of Mr. Man and Ms. He as board observers indicates the investors' desire to gain visibility into governance and strategy without immediate board control. The board changes also signal a shift in the company's leadership structure, reflecting the strategic backing from the new investors.
Key dependencies and risks include the extent and terms of the strategic investment, which are not disclosed in the current announcement. Investors should monitor future filings or announcements for details on transaction size, voting agreements, or conversion rights. Additionally, any subsequent changes to board composition or committee assignments should be closely watched.
CarParts.com, Inc. is a technology-led e-commerce company offering over 1 million quality automotive parts and accessories. With a commitment to delivering exceptional value, the company 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.
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