Genuine Parts Company announced key leadership appointments and board structures for its planned separation into two independent public companies, GPC (Automotive) and Motion (Industrial), targeted for completion in the first quarter of 2027. Court Carruthers was appointed Chief Executive Officer-Elect of GPC, effective immediately, with Will Stengel remaining as Chairman and CEO until the closing. Bert Nappier was named Executive Vice President, Chief Operating Officer and CFO of GPC, while James Howe became President and COO of Motion. Howard Yu joined Motion as its new CFO. The company also scheduled separate investor days for December 8 and 9, 2026, to outline growth strategies for the spun-off entities. Genuine Parts Company operates in the global distribution industry, providing automotive and industrial replacement parts and value-added solutions.

On August 11, 2026, the Board of Directors declared a regular quarterly cash dividend of $1.0625 per share on the company’s common stock. The dividend is payable on October 2, 2026 to shareholders of record on September 4, 2026. Genuine Parts Company operates in the automotive and industrial replacement parts distribution industry.

Genuine Parts Company reported second quarter 2026 sales of $6.5 billion, a 6.0% increase year-over-year, and adjusted net income of $296 million, or $2.15 per diluted share. The company reaffirmed its 2026 adjusted diluted EPS outlook of $7.50 to $8.00, while updating its GAAP EPS outlook to $5.90 to $6.40. GPC remains on track to separate its Global Automotive and Global Industrial businesses into two independent companies by the first quarter of 2027. The company operates as a global provider of automotive and industrial replacement parts and value-added solutions.

Genuine Parts Company entered into a seventh amendment to its Syndicated Facility Agreement to establish a $500 million Initial Term Loan A Facility and a $500 million Delayed Draw Term Loan Facility, both maturing in October 2027. Additionally, the company declared a quarterly cash dividend of $1.0625 per share, payable on July 2, 2026, to shareholders of record on June 5, 2026.

Genuine Parts Company issued a press release on April 21, 2026, announcing its results of operations for the first quarter ended March 31, 2026. The specific financial figures for the quarter are contained in the accompanying exhibit.

Naveen Krishna, Executive Vice President and Chief Information & Digital Officer of Genuine Parts Company, will resign to pursue other opportunities effective April 1, 2026. He will remain with the company until May 5, 2026, to assist with the transition, and the company does not intend to appoint a successor at this time.