Genuine Parts Company Announces Officer Change And Declares Regular Quarterly
ATLANTA, April 22, 2013
ATLANTA, April 22, 2013 /PRNewswire/ --Genuine Parts Company (NYSE: GPC)
announced today that its Board of Directors elected James R. Neill to the
position of Senior Vice President – Employee Development and HR Services. Mr.
Neill was previously Senior Vice President of Human Resources at Motion
Industries, the Company's industrial distribution company. In his new role,
Mr. Neill will report directly to Bruce Clayton, Senior Vice President of
Human Resources for the Company.
Tom Gallagher, Chairman and CEO of Genuine Parts Company, commented, "Jim
joined Motion Industries seven years ago after firmly establishing himself as
an excellent leader and executive in a variety of human resources roles over
his career. He has done an outstanding job in leading Motion's HR
organization and is well deserving of this promotion. We look forward to the
valuable experience Jim is sure to bring to our corporate HR team."
The Board of Directors of Genuine Parts Company declared a regular quarterly
cash dividend of fifty-three and three-quarter cents ($.5375) per share on the
Company's common stock.
The dividend is payable July 1, 2013 to shareholders of record June 7, 2013.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement parts and
accessories in the U.S., Canada, Mexico and Australasia. The Company also
distributes industrial replacement parts in the U.S., Canada and Mexico
through its Motion Industries subsidiary. S. P. Richards Company, the Office
Products Group, distributes business products nationwide in the U.S. and in
Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical
and electronic components throughout the U.S., Canada and Mexico. Genuine
Parts Company had 2012 revenues of $13.0 billion.
SOURCE Genuine Parts Company
Contact: Carol B. Yancey, Executive Vice President and CFO - (770) 612-2044,
or Sidney G. Jones, Vice President-Investor Relations - (770) 818-4628
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