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ATLANTA, April 30, 2024 / link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced that its shareholders elected Mr. Charles "Chuck" K. Stevens as a new director of the company. Additionally, Mr. E. Jenner Wood has retired as a director. Mr. Stevens held the position of executive vice president and chief financial officer of General Motors Company from 2014 to 2018. Prior to that role, he held a variety of leadership positions within General Motors Company's finance team.   Genuine Parts Company Chuck-Stevens "We want to extend our sincere gratitude to Jenner for his nearly 10 years of service on our board. We thank him for his leadership and many contributions to GPC," said Paul Donahue, Chairman and CEO. "As Jenner retires, we would also like to welcome Chuck to our Board of Directors. His extensive experience in the automotive industry, along with his financial and accounting expertise, make him a valuable addition to our board. We look forward to his future contributions to GPC." In addition, GPC's Board of Directors declared a regular quarterly cash dividend of one dollar ($1.00) per share on the company's common stock. The dividend is payable July 1, 2024 to shareholders of record June 7, 2024. About Genuine Parts Company Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at  link hidden, please login to view. SOURCE Genuine Parts Company For further information: Investor contact: Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media contact: Heather Ross, (678) 934-5220, Vice President - Strategic Communications link hidden, please login to view

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ATLANTA, April 29, 2024 / link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that Paul D. Donahue will transition from chairman and CEO to executive chairman, effective June 3, 2024. At that time, William P. Stengel, II, currently president and COO, will succeed Mr. Donahue as president and CEO of GPC and will serve as a member of the board of directors. "The board is confident that Will is the right person to lead GPC into the future and that the company is positioned to continue delivering value to our customers and shareholders," said John D. Johns, lead independent director of GPC's board of directors. "During his tenure at GPC, he's worked closely with Paul to shape the company's strategic priorities and with the global leadership teams to evolve the business and deliver outstanding performance." Mr. Stengel joined the company in 2019 as executive vice president and chief transformation officer with nearly two decades of significant leadership and professional experience. In 2021, he was promoted to serve as only the eighth president in the company's history. His role expanded to president and chief operating officer in 2023. Prior to joining GPC, he served in various executive leadership roles at HD Supply, including as president and CEO of HD Supply Facilities Maintenance, as well as at The Home Depot and in various investment banking roles. "I am humbled and honored for the opportunity to lead Genuine Parts Company and especially grateful for my GPC teammates and the support of Paul and the board of directors," said Mr. Stengel. "We will continue to build on the strong foundation laid over many years as we work to deliver solutions for our customers, invest in talent and capabilities and create value for our shareholders." "On behalf of the board of directors, I want to extend our heartfelt appreciation to Paul for his remarkable leadership spanning over two decades, culminating as chairman and CEO," said Mr. Johns. "Under his leadership, the company simplified its business mix, expanded its global footprint and delivered significant shareholder value. Paul's positive impact on GPC has been remarkable, and we look forward to his continued guidance as he transitions to his new role as executive chairman."  "I am incredibly proud of all we have accomplished as One GPC team, and equally grateful for the 20+ years I have been privileged to work for this amazing company. As I transition from the CEO role, I am pleased to welcome Will as only the sixth CEO in our company's 96-year history," said Mr. Donahue. "I have every confidence in Will, our global leadership teams and our board of directors to deliver on our vision to be the leading global automotive and industrial parts distributor and solutions provider." About Genuine Parts Company Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at  link hidden, please login to view. SOURCE Genuine Parts Company For further information: Investor Contact, Timothy Walsh, (678) 934-5349, Senior Director, Investor Relations; Media Contact, Heather Ross, (678) 934-5220, Vice President, Strategic Communications link hidden, please login to view

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Chase Elliott and the No. 9 link hidden, please login to view team qualified 29th for Sunday’s NASCAR Cup Series race at Dover Motor Speedway. Elliott showcased a 16-position gain by lap 60 en route to a ninth-place result in stage one and followed that up with a fifth-place finish in stage two. The 28-year-old driver remained in the top 10 during the final stage, ultimately finishing the 400-lap race in the fifth position. The 2020 NASCAR Cup Series champion ranks third in the points standings, just 33 markers behind the leader. Following Saturday’s practice and qualifying sessions at Dover Motor Speedway, Chase Elliott started Sunday’s NASCAR Cup Series race 29th. At the start of the scheduled 400-lap race, Elliott navigated among the surrounding cars, advancing to 20th by lap 39 before the first caution waved over the field. Under the caution, Elliott brought the No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 to pit road for four tires, fuel and air pressure adjustments. Unfortunately, when exiting pit road, he made contact with a competitor but sustained no damage. On lap 48, Elliott took the green from the outside lane in the 15th position. Progressing steadily, he maneuvered to 13th halfway through stage one, making a gain of 16 positions at the “Monster Mile.” Continuing his charge, the 28-year-old driver entered the top 10 behind Hendrick Motorsports teammate Alex Bowman with 46 laps to go in the stage. As the first stage drew to a close, another caution came out with two laps to go, ultimately leading to a ninth-place finish for Elliott under the yellow flag on lap 120. Amid the caution, Elliott communicated to the No. 9 team that his Chevrolet experienced some tightness when near to his competitors. On lap 123, he pitted for four tires, fuel and air pressure adjustments. When the green flag waved on lap 130, Elliott resumed in the ninth position. Shortly after the restart, the Dawsonville, Georgia, native reported that he got into the wall, but No. 9 crew chief Alan Gustafson reassured him that the NAPA Auto Parts Chevy was good and had no visible damage. On lap 182, Elliott visited pit road for fresh tires and fuel as green-flag pit stops were underway. He raced inside the top 10 as the pit cycle continued and advanced to the top five in the closing laps of the second stage. Ultimately, he took the green-and-white checkered flag in the fifth position on lap 250. During the stage break, Elliott expressed confidence in his No. 9 NAPA Auto Parts Chevrolet, stating that he felt “just as good as everyone else” before pitting for four tires and fuel on lap 253. As the green flag waved for the start of the final stage on lap 259, Elliott was in the fifth position and continued to battle inside the top 10 until green-flag pit stops began. Elliott pitted for more tires and fuel on lap 320, but following his return to the track, a caution came out. Leveraging the No. 9 team’s strategy, Elliott stayed out during the caution, along with other drivers who had already pitted, which put him in the fourth spot for the restart. Following another caution, the green flag waved again on lap 339, with Elliott placed fifth. Demonstrating resilience, Elliott fended off his competitors to secure a top-five finish, taking the checkered flag in the fifth position at the conclusion of Sunday’s race on lap 400. Elliott leaves Dover Motor Speedway third in the Cup Series points standings, just 33 markers behind the leader. “I was really happy with our car, honestly. A couple of moves here or there… I needed to just get myself a little further forward. But I’m really happy with the NAPA Chevy. We had a really solid day, and it was fun. It’s always fun when you can pass your way to the front.” Start / Finish: 29 / 5 Points Standing / Total: 3rd / 377 pts. (-33) Next Race: Sunday, May 5, Kansas Speedway How to Watch or Listen: 3:00 p.m. ET on FS1, MRN or SiriusXM NAPA:  link hidden, please login to view Chase Elliott:  link hidden, please login to view Hendrick Motorsports:  link hidden, please login to view No. 9 Team:  link hidden, please login to view The post link hidden, please login to view appeared first on link hidden, please login to view. link hidden, please login to view