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Phil Daniele Takes Over as AutoZone CEO
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By AutoZone
MEMPHIS, Tenn. , April 30, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas , will release results for its third quarter ended Saturday, May 4, 2024 , before market open on Tuesday, May 21, 2024
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By Counterman
Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.
Genuine Parts Company announced 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 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.”
Stengel joined the company in 2019 as executive vice president and chief transformation officer with nearly two decades of 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 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 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 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.”
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By NAPA
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
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By NAPA
Christian Eckes took the NASCAR CRAFTSMAN Truck Series points lead on Friday night with a stout fourth-place performance at Texas Motor Speedway. The driver of the No. 19 Gates Hydraulics Chevrolet Silverado RST captured his third top-five finish of the season and scored 50 points on the night, the second-most of all drivers in the field. Eckes led 31 laps, the only driver to have led laps in each race this season, and tallied his third top-five finish in the last four events.
For the second-consecutive weekend, Eckes qualified on the front row and was a mainstay in the top five for the entire event. He settled into second at the drop of the green flag and challenged for the lead near the midway point of the opening stage. The first lead change of the night occurred when Eckes powered his Gates Hydraulics Chevy to the lead on lap 17 and paced the field for 21 circuits. He surrendered the lead on lap 38 and collected nine points at the end of Stage 1 on lap 40 while running second.
Crew chief Charles Denike brought Eckes to pit road under the stage caution for four fresh tires, fuel, and a minor air pressure adjustment to tighten his balance. Eckes restarted second on lap 47 and maintained position inside the top five for the ensuing 35-lap run. An improved handling balance and consistent lap times netted Eckes another eight points at the end of Stage 2 on lap 80 by running in third position.
Eckes was armed with another batch of fresh tires, fuel, and minor adjustments to fine-tune the handling during the second stage caution. After restarting third on lap 87, he waged war for the runner-up position and gained control of it by lap 100. He ran there until a cycle of green flag pit stops began on lap 119. Eckes made his final stop on lap 129 just before a caution waved. He was able to stay on the lead lap in fourth position and in contention for the victory. He made another fierce run for the race lead on a lap 150 and led until lap 158. During the final 10 laps, Eckes fought valiantly for one final charge at the lead but took the checkered flag in fourth position for his third top-five and sixth top-10 of the season.
“Not a bad points night,” Eckes said. “I thought we’d have a pretty good shot at the win there, but just went down into Turns 1 and 2 and got way too tight and slid up the racetrack. It is what it is. I’m proud of the No. 19 Gates Hydraulics team for making the improvements that they did. Our mile-and-a-half stuff has definitely shown a little bit of an improvement. We still have a little bit of a ways to go, but we’ll see how it goes.”
Start / Finish: 2 / 4
Points Standing / Total: 1 / 287 pts. (+2)
Next Race: Saturday, May 4, Kansas Speedway
How to Watch or Listen: 8:00 p.m. ET on FS1, MRN or SiriusXM
NAPA:
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By AutoZone
MEMPHIS, Tenn. , Feb. 27, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.9 billion for its second quarter (12 weeks) ended February 10, 2024 , an increase of 4.6% from the second quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and
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