Genuine Parts Company Announces Officer Resignation

Rhea-AI Summary

Genuine Parts Company (GPC) announced the resignation of Scott A. Sonnemaker, Group President, North American Automotive, effective immediately. Sonnemaker, who joined the company in February 2019, is leaving to pursue other opportunities. GPC's CEO Paul Donahue expressed gratitude for Sonnemaker's contributions, highlighting that significant progress was made during his tenure towards the company's global focus. GPC remains optimistic about future growth in its automotive sector, supported by its experienced management teams.

Positive

• GPC's management team remains well-positioned to capitalize on growth opportunities in North America.
• Sonnemaker's resignation allows for potentially fresh leadership approaches in the automotive sector.

Negative

• The sudden departure may disrupt continuity in leadership within the North American Automotive sector.

ATLANTA, July 14, 2020 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that Scott A. Sonnemaker has resigned from his position as Group President, North American Automotive, to pursue other opportunities.  Mr. Sonnemaker joined the Company in this newly created role in February 2019.

Paul Donahue, Chairman and Chief Executive Officer of GPC, stated, "We thank Scott for his many contributions since joining GPC and wish him the very best in his future endeavors. Scott's role was created to advance the Company's global focus and GPC has made significant progress in this area during his tenure. As a result, our talented and experienced management teams are well-positioned to build on this progress and maximize the future growth potential for our automotive business in North America."

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 $19.4 billion. Further information is available at www.genpt.com.

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SOURCE Genuine Parts Company

FAQ

Why did Scott A. Sonnemaker resign from Genuine Parts Company?

Scott A. Sonnemaker resigned to pursue other opportunities.

What impact will Scott A. Sonnemaker's resignation have on GPC?

While the management team is experienced, there may be concerns regarding continuity in leadership.

When did Scott A. Sonnemaker join GPC?

Scott A. Sonnemaker joined GPC in February 2019.

What were the revenues for Genuine Parts Company in 2019?

Genuine Parts Company had revenues of $19.4 billion in 2019.

Who is the CEO of Genuine Parts Company?

The CEO of Genuine Parts Company is Paul Donahue.