ATLANTA, Aug. 17, 2015 /PRNewswire/ -- Genuine Parts
Company (NYSE: GPC) announced today that its Board of Directors
elected Elizabeth W. "Betsy" Camp, as a new independent Director of
the Company. Ms. Camp is President and Chief Executive
Officer of DF Management, Inc., a private investment and commercial
real estate management company, a position she has held since
2000. Previously, Ms. Camp served in various capacities,
including President and Chief Executive Officer of Camp Oil Company
for 16 years, tax accountant with a major accounting firm and
attorney in law firms in Atlanta
and Washington, D.C. Ms.
Camp also serves on the board of Synovus Financial Corporation.
The Company also announced today the election of two corporate
officers. Robert L. Swann was
named Vice President - Internal Audit, Compliance and Risk, and
Christopher T. Galla was named Vice
President and Assistant Corporate Counsel. Previously, Mr.
Swann was Assistant Vice President - Internal Audit and Compliance,
and has served the Company in a variety of audit, accounting and
finance roles in his 10 year career with Genuine Parts. Mr.
Galla has served as both associate and senior counsel in his 10
years with the Company, and most recently was Assistant Vice
President and Senior Counsel.
Tom Gallagher, Chairman and CEO
of Genuine Parts Company, stated, "We are pleased to welcome Ms.
Camp as our newest director. Betsy's extensive business
background as an executive officer, as well as her financial and
legal acumen, makes her a valuable addition to our board. She
is a talented executive and we look forward to her future
contributions as a director of the Company."
Mr. Gallagher, added, "Both Robert and Chris are excellent
professionals and well deserving of their promotions. They
bring valuable experience and expertise to their expanded
leadership roles and we know they will do an outstanding job in
their new positions."
The Board of Directors of Genuine Parts Company declared a
regular quarterly cash dividend of sixty-one and one-half cents
($.615) per share on the Company's
common stock.
The dividend is payable October 1,
2015 to shareholders of record September 4, 2015.
About Genuine Parts Company
Genuine Parts Company is a distributor of automotive replacement
parts in the U.S., Canada,
Mexico and Australasia. The
Company also distributes industrial replacement parts in the U.S.,
Canada and Mexico through its Motion Industries
subsidiary. S. P. Richards Company, the Office Products
Group, distributes business products in the U.S. and Canada. The Electrical/Electronic Group, EIS,
Inc., distributes electrical and electronic components throughout
the U.S., Canada and Mexico.
Genuine Parts Company had 2014 revenues of $15.3 billion.
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SOURCE Genuine Parts Company