ATLANTA, Jan. 25, 2022 /PRNewswire/ -- Genuine Parts
Company (NYSE: GPC) announced today that Carol Yancey,
Executive Vice President and Chief Financial Officer, has
informed the Board of Directors of her plan to retire at the end of
May 2022, after a distinguished
30-year career with the Company. The Company also announced
that Bert Nappier will join as
Executive Vice President and Chief Financial Officer-Elect,
effective February 28, 2022. Mr.
Nappier will assume the role of Chief Financial Officer on
May 2, 2022, and Ms. Yancey will
serve in an advisory role until her retirement to assist in an
orderly and seamless transition. Mr. Nappier will have
responsibility for GPC's global financial operations and will play
a key role in advancing the Company's strategic initiatives. He
will report to Paul Donahue,
Chairman and Chief Executive Officer.
"We are very pleased to welcome Bert
Nappier as our next CFO. Bert is a strategic financial
executive with broad expertise in key areas such as global finance,
operations and business strategy. We are confident his diverse
background, extensive experience and leadership skills will make
him a valuable addition to our executive management team. We look
forward to his contributions to the next phase of growth
at GPC," said Mr. Donahue.
Mr. Nappier will join GPC with a diverse background spanning
nearly 25 years, including the last 16 years with FedEx
Corporation. Since June 2020, he
served as Executive Vice President, Finance and Treasurer, where he
led teams responsible for corporate finance, cash management,
global tax planning and strategy, risk management and corporate
development. Mr. Nappier also held executive roles in Europe, serving as President of FedEx Express
Europe and CEO of TNT Express, the largest ever FedEx acquisition,
from June 2018 to May 2020 and Senior Vice President Finance and
International CFO of FedEx Express for the two years before that.
Prior to Europe, Mr. Nappier
served FedEx as Corporate Controller and Staff Director, Financial
Reporting. Before joining FedEx in 2005, he was Director of SEC
Reporting and Accounting for Wright Medical Technology, Inc. and an
Audit Manager at Ernst & Young LLP, with six years in public
accounting.
"On behalf of the entire organization, we want to
thank Carol for her 30 years of dedicated service to GPC,
including the last nine years as CFO," continued Mr. Donahue.
"Carol's leadership and numerous contributions have been
instrumental to the significant growth and strong financial
performance of the Company. She has also been a mentor to many, and
her positive influence will have a lasting impact on generations of
professionals across the GPC organization. Carol will be greatly
missed, and we wish her all the best in her retirement."
About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service
organization engaged in the distribution of automotive and
industrial replacement parts. The Company's Automotive Parts Group
distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the United
Kingdom, Ireland,
Germany, Poland, the
Netherlands and Belgium.
The Company's Industrial Parts Group distributes industrial
replacement parts in the U.S., Canada, Mexico and Australasia. In total, the Company
serves its global customers from an extensive network of more than
10,000 locations in 15 countries. Genuine Parts Company had 2020
revenues of $16.5 billion. Further
information is available at www.genpt.com.
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SOURCE Genuine Parts Company