The new chief executive of ailing automotive parts group Bapcor is backing the dismantling of an overhaul program driven by consulting group McKinsey & Co which failed to meet targets and caused internal turmoil.
The Better Than Before program, based largely on McKinsey’s work, was brought in by then chief executive Noel Meehan in mid-2023, who said the 300-plus initiatives would help deliver an extra $100 million in profits in 2025. The company operates 1100 retail and trade outlets selling auto parts to retail customers and mechanics under the Autobarn, Autopro, Burson and Midas brands.