O’Reilly Automotive announced yesterday after the close that Tom McFall will be joining the company as its new CFO. Mr. McFall will replace Jim Batten, who will stay on as Treasurer as he transitions to a “less than full-time role with the company.” We had a high opinion of Mr. Batten’s leadership and communication with the investment community, but it sounds like he simply wants to spend more time with his family.

As far as the appointment of Mr. McFall, we think it is an interesting move, and has both positive and negative implications. Mr. Batten grew up in the community, even meeting the founder of the company, and fully adopted the O’Reilly culture. Mr. McFall, on the other ha ...

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