Genuine Parts Company Announces Appointment Of Will Stengel To President
Genuine Parts Company (NYSE: GPC) has appointed William P. Stengel as its new President, marking an important leadership transition in the company's 93-year history. Previously the Executive Vice President and Chief Transformation Officer, Stengel will report to Paul Donahue, the Chairman and CEO. His prior role involved overseeing transformation initiatives and operational responsibilities. Stengel brings nearly two decades of leadership experience from HD Supply and other organizations. This promotion reflects the company's commitment to succession planning amid its strategic growth initiatives.
- Appointment of William P. Stengel as President signifies strong leadership continuity.
- Stengel's experience in transformation initiatives is expected to drive strategic growth.
- Management change may raise concerns about continuity in leadership.
ATLANTA, Jan. 14, 2021 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors has appointed William P. Stengel to the position of President of Genuine Parts Company. Mr. Stengel, 43, was previously Executive Vice President and Chief Transformation Officer of the Company and becomes only the eighth President in the Company's 93-year history. He will continue to report to Paul Donahue, Chairman and Chief Executive Officer.
Mr. Donahue stated, "Will is an exceptional talent, and his proven leadership and relevant experience make him an excellent choice as the Company's next President. His promotion is also a reflection of our board and management's ongoing commitment to succession planning for the Company. As Chief Transformation Officer, Will has led the effective and disciplined management of our transformation initiatives while also taking on various operational and strategic responsibilities. As President, he will continue to lead these efforts and work alongside me to further develop and advance our strategic roadmap and execute our growth and productivity initiatives."
Mr. Stengel has nearly two decades of significant leadership and professional experience prior to joining Genuine Parts Company in 2019. Previously, he served in various executive leadership roles at HD Supply, including as President and Chief Executive Officer of HD Supply Facilities Maintenance. Prior to that role, he was Chief Operating Officer and Chief Commercial Officer at HD Supply Facilities Maintenance. Prior to HD Supply, Mr. Stengel worked in the strategic business development group at the Home Depot and in various investment banking roles.
About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive replacement parts and industrial parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany, Poland, the Netherlands and Belgium. The Company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. Genuine Parts Company had 2019 revenues of
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SOURCE Genuine Parts Company
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