Genuine Parts Company Announces Officer Change
Genuine Parts Company (NYSE: GPC) announced the appointment of Napoleon B. Rutledge, Jr. as Chief Accounting Officer. Mr. Rutledge, who has over 21 years of experience with the firm and has served as Senior Vice President of Finance since 2018, will oversee corporate finance, regulatory accounting, financial reporting, and analysis. CEO Paul Donahue and CFO Carol Yancey expressed confidence in Rutledge's capabilities and expect significant contributions in his new role. Genuine Parts Company reported $16.5 billion in revenue for 2020 and operates through an extensive network across 14 countries.
- Napoleon B. Rutledge's promotion to Chief Accounting Officer positions a seasoned executive in a key financial role.
- Rutledge's extensive experience with the company is expected to enhance corporate finance and accounting functions.
- None.
ATLANTA, March 1, 2021 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors has appointed Napoleon B. Rutledge, Jr, Senior Vice President of Finance, to the additional role of Chief Accounting Officer of the Company. In his expanded role, Mr. Rutledge will be responsible for the Company's corporate finance and accounting, including its regulatory accounting matters, financial reporting, financial planning and analysis and accounting policies.
Paul Donahue, Chairman and Chief Executive Officer, stated, "Napoleon has been a key financial officer of the Company for more than 10 years, and he is well-qualified and deserving of his new leadership role. We know he will do an outstanding job, and we look forward to his continued contributions to the Company."
Carol Yancey, Executive Vice President and Chief Financial Officer, added, "We are both pleased and fortunate to have Napoleon in the role of Chief Accounting Officer. In his 21 years with the Company, Napoleon has been instrumental in advancing our corporate finance and accounting functions, and his leadership skills, financial knowledge and accounting experience make him an excellent fit for this important position."
At Genuine Parts Company, Mr. Rutledge has worked in a variety of financial management roles and has extensive experience in corporate finance, treasury, risk management, audit and SEC reporting. Most recently, Mr. Rutledge has served as Senior Vice President of Finance since 2018, and previously was Vice President of Finance from 2016-2018 and Vice President of Finance and Assistant Treasurer from 2012-2016. Prior to joining the Company in 1999, Mr. Rutledge spent four years in public accounting with Ernst & Young.
About Genuine Parts Company
Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement 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. In total, the Company serves its global customers from an extensive network of more than 10,000 locations in 14 countries. Genuine Parts Company had 2020 revenues of
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SOURCE Genuine Parts Company
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