Welcome to our dedicated page for Genuine Parts Company news (Ticker: $GPC), a resource for investors and traders seeking the latest updates and insights on Genuine Parts Company stock.
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Genuine Parts Company (NYSE: GPC) announced the acquisition of Motor Parts & Equipment (MPEC), the largest independent owner of NAPA Auto Parts stores in the U.S. This strategic move aligns with GPC's goal to own more NAPA stores in key markets, expanding its presence across several states.
Genuine Parts Company (NYSE: GPC) announced changes to the board, with Mr. Charles Stevens joining and Mr. Jenner Wood retiring. The company declared a regular quarterly dividend of $1.00 per share.
Genuine Parts Company (NYSE: GPC) announced a leadership transition where Paul D. Donahue will become the executive chairman, and Will Stengel will take over as the new President and CEO effective June 3, 2024. Mr. Stengel, who has nearly two decades of leadership experience, has been with the company since 2019 and has held various executive positions. The board expressed confidence in Mr. Stengel's ability to lead the company into the future and continue delivering value to customers and shareholders. The transition is seen as a positive move for the company's growth and development.
