U.S. Auto Parts Network Names CEO
Carson, Calif., Online retailer U.S. Auto Parts Network Inc. has replaced CEO Mehran Nia with former Blockbuster Inc. executive Shane Evangelist.
Before joining U.S. Auto Parts, Evangelist was general manager of Blockbuster Online, where he oversaw the launch of Blockbuster's online movie-rental service.
Nia served as president and CEO since founding U.S. Auto Parts in 1995 and will continue to serve on the board.
Evangelist will receive a stock-option grant to purchase up to 750,000 shares of common stock over a four-year period, as well as a performance-based option to purchase up to 250,000 shares of stock upon the attainment of certain share-price metrics.