Auto Aftermarket executive Kevin Kormondy has been named the Chief Operating Officer of Franchising and President of Grease Monkey International, LLC (doing business as FullSpeed Automotive) and its parent company, SpeeDee.
Current and continuing CEO John B. Adams said he has known Kormondy for more than three decades and that he admires the new president's commitment to finding the best scenarios for the franchisees and the company. According to Adams, the new change will allow FullSpeed Automotive's leadership time to honor its mission of excellence and focus on its paths to grow the business.
Previously, Kormondy spent more than two decades with Big O Tires in various roles, including Executive Vice President. He noted that he is thrilled to have the opportunity to work the existing teams to increase the annual unit volume at both brands.
Started in 1978, Grease Monkey has since grown to become one of the biggest automotive quick lube franchise business brands, with more than 300 locations in South America, China, Saudi Arabia, Mexico and the United States. This brand focuses on a faster and smoother customer experience, recognizing that today's consumer leads a busy life and needs speed and convenience when it comes to motor vehicle issues. This brand has also been recognized for its outstanding veteran franchise opportunities, receiving a five-star rating from the International Franchise Association's VetFran initiative.
This quick lube brand has franchise opportunities available in many markets, with the initial investment ranging from $154,195 to $319,850.