ATLANTA, Aug. 18, 2014
/PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced
today the election of E. Jenner Wood,
III, as a new independent Director of the Company. Mr.
Wood is currently Executive Vice President of SunTrust Banks, Inc.,
a position he has held since 2005, and was also named Chairman,
Chief Executive Officer and President of SunTrust's Atlanta
Division in April 2014. Mr. Wood has 39 years of experience
in banking and investment management and also serves on the boards
of Southern Company and Oxford Industries.
Tom Gallagher, Chairman and CEO
of Genuine Parts Company, stated, "Jenner Wood is an extremely
talented executive with a wealth of business experience and
knowledge. He is sure to be a valuable director and we look
forward to his contributions in the coming years."
The Board of Directors of Genuine Parts Company declared a
regular quarterly cash dividend of fifty-seven and one-half cents
($.5750) per share on the Company's
common stock.
The dividend is payable October 1,
2014 to shareholders of record September 5, 2014.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement
parts 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
Canada. The Electrical/Electronic
Group, EIS, Inc., distributes electrical and electronic components
throughout the U.S., Canada and
Mexico. Genuine Parts Company had 2013 revenues of
$14.1 billion.
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SOURCE Genuine Parts Company