Genuine Parts Company Announces Officer Change and Declares Regular Quarterly Dividend

Rhea-AI Summary

On August 16, 2021, Genuine Parts Company (NYSE: GPC) announced the appointment of Kristy G. Whitehurst as Vice President of Employee Benefits. Having served the company for 14 years, she will now lead its employee benefits programs. Additionally, the Board of Directors declared a quarterly cash dividend of $0.815 per share, payable on October 1, 2021, to shareholders recorded by September 3, 2021.

Positive

• Appointment of experienced leader Kristy G. Whitehurst enhances the leadership team.
• Quarterly cash dividend of $0.815 signifies ongoing shareholder value and commitment.

Negative

• None.

ATLANTA, Aug. 16, 2021 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today that Kristy G. Whitehurst was appointed Vice President of Employee Benefits. Ms. Whitehurst has served the Company for 14 years, most recently serving as Senior Director for Retirement, Disability and Rewards for the last four years. In her expanded role, Ms. Whitehurst will lead GPC's comprehensive employee benefits programs and drive our long-term benefits strategy.

Will Stengel, President, commented, "Kristy is an expert in the field of employee benefits and well deserving of her new and expanded role. Her experience further strengthens our leadership team, and we look forward to Kristy's future contributions to GPC."

Genuine Parts Company also announced today its Board of Directors declared a regular quarterly cash dividend of eighty-one and one-half cents ($0.815) per share on the Company's common stock.

The dividend is payable October 1, 2021 to shareholders of record September 3, 2021.

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 United Kingdom, 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 $16.5 billion. Further information is available at www.genpt.com.

 

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SOURCE Genuine Parts Company

FAQ

What is the new role of Kristy G. Whitehurst at Genuine Parts Company?

Kristy G. Whitehurst has been appointed Vice President of Employee Benefits.

What is the dividend amount declared by Genuine Parts Company?

The dividend amount declared is $0.815 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 1, 2021, to shareholders of record on September 3, 2021.

What was the revenue of Genuine Parts Company in 2020?

Genuine Parts Company reported revenues of $16.5 billion in 2020.