This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Genuine Parts Company Announces Executive Officer Changes And Declares Regular Quarterly Dividend

ATLANTA, Nov. 19, 2012 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that Jerry Nix has informed the Board of Directors of his plan to retire as Chief Financial Officer of the Company, effective March 1, 2013.  The Company also announced that its Board has elected Carol B. Yancey to the position of Executive Vice President of Finance and Corporate Secretary.  Ms. Yancey will assume the role of Chief Financial Officer upon Mr. Nix's retirement.  Ms. Yancey has been with the Company for nearly 22 years and was previously Senior Vice President of Finance and Corporate Secretary of Genuine Parts Company. 

(Photo:  http://photos.prnewswire.com/prnh/20121119/CL15890-a )

(Photo:  http://photos.prnewswire.com/prnh/20121119/CL15890-b )

(Logo:  http://photos.prnewswire.com/prnh/20081002/CLTH108LOGO )

Tom Gallagher, Chairman and CEO of Genuine Parts Company, commented, "On behalf of the entire organization, we want to thank Jerry Nix for his 34 years of dedicated service to the Company, including the last 13 years as CFO.  His many contributions have been instrumental to the significant growth and strong financial performance of the Company over this time period and we wish him the very best for the future." 

Mr. Gallagher added, "We identified Carol for this role as part of our careful and deliberate succession planning process.  Her proven leadership and contributions over the years make her the right choice as the Company's next CFO.  During her long and successful tenure with the Company, Carol was promoted numerous times and elected Senior Vice President of Finance and Corporate Secretary in 2006.  Along the way, she developed a tremendous acumen for both the fundamental and financial aspects of the Company."  Prior to joining Genuine Parts in 1991, Ms. Yancey was a manager at Ernst & Young, LLP.   

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs