ATLANTA, April 24, 2017 /PRNewswire/ -- Genuine Parts
Company (NYSE: GPC) announced today that Thomas C. Gallagher, Executive Chairman of
Genuine Parts Company, has informed the Board of Directors of his
decision to retire as an executive officer and employee of the
Company, effective June 30,
2017. Mr. Gallagher will continue to serve as Non-Executive
Chairman of the Board following his retirement.
Paul Donahue, President and Chief
Executive Officer of Genuine Parts Company, commented, "On behalf
of the entire organization, we want to thank Tom for his 47 years
of dedicated service to the Company. Tom positively
influenced every aspect of the organization during his exceptional
career, and his leadership as President from 1990 to January 2012 and CEO from 2004 to May 2016 guided our significant growth over this
period. We are forever grateful for his many contributions to
the Company and we wish him the very best for the future."
Mr. Donahue added, "Tom has also served as our Chairman since
2005, and we look forward to his continued counsel as Non-Executive
Chairman following his retirement."
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 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 2016 revenues of $15.3 billion.
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SOURCE Genuine Parts Company