ATLANTA, April 27, 2020 /PRNewswire/ -- Genuine Parts
Company (NYSE: GPC) announced today that its shareholders, at this
morning's 2020 Annual Meeting of Shareholders, elected Jean-Jacques Lafont as a new director of the
Company. Additionally, Thomas C. "Tom" Gallagher has retired as a
director.
Jean-Jacques Lafont is the
Co-Founder and Executive Chairman of Alliance Automotive Group
(AAG), a leading European automotive aftermarket distributor and
wholly owned subsidiary of the Company. Prior to his current role
as Executive Chairman, Mr. Lafont was Chief Executive Officer of
AAG, which he co-founded in 1989 and continued to lead for 30
years. Mr. Lafont is also the Non-Executive Chairman of the
Supervisory Board of a European distributor of building materials
and sanitary equipment under private equity ownership.
Paul Donahue, Chairman and Chief
Executive Officer of Genuine Parts Company, stated, "We are pleased
to welcome Jean-Jacques as our newest director. Jean-Jacques is a
talented executive with significant experience in the automotive
aftermarket industry. His deep understanding of the sales,
operations, finance, strategic planning, and global sourcing
aspects of the automotive aftermarket landscape in Europe will be highly beneficial to the
strategic planning function of the Board, especially as it relates
to the global automotive business."
In addition, Tom Gallagher, who
reached the Company's mandatory retirement age for its directors,
did not stand for re-election and has retired as a director. Mr.
Gallagher served the Company for 50 years, including his role as
Chief Executive Officer for 12 years. He was also a director for
more than 30 years and served as Chairman from February 2005 to April 2019.
Mr. Donahue commented, "Tom's impact on the Company has been
immeasurable, and he will be dearly missed by all of us in the GPC
family. We want to thank Tom for his exemplary leadership and his
many contributions to the growth and success of Genuine Parts
Company. We wish him the very best in his future
endeavors."
Earnings Release and Conference Call
The Company plans to release first quarter earnings on
May 6, 2020. Management will also
conduct a conference call on this date at 11:00 a.m. Eastern
time. The public may access the call on the Company's
website, www.genpt.com, by clicking "Investors," or by dialing
877-407-0789. The conference ID is 13701533. If you are unable to
participate during the call, a replay of the call will be available
on the Company's website or toll-free at 844-512-2921, ID 13701533,
two hours after the completion of the conference call
until 12:00 a.m. Eastern time on May 20, 2020.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement
parts in the U.S., Canada,
Mexico, Australasia, France, the U.K., Germany, Poland, the
Netherlands and Belgium.
The Company also distributes industrial replacement parts in the
U.S., Canada, Mexico and Australasia through its Industrial
Parts Group. S.P. Richards Company, the Business Products Group,
distributes a variety of business products in the U.S. Genuine
Parts Company had 2019 revenues of $19.4
billion. Further information is available at
www.genpt.com.
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SOURCE Genuine Parts Company