#USA #Atlanta #Genuine Parts #Will Stengel #Paul Donahue

Genuine Parts Company Announces Board Leadership Transition

Genuine Parts Company (GPC), a prominent provider of automotive and industrial replacement parts, recently announced a significant leadership transition. This change marks the retirement of Paul D. Donahue, who has served as the Non-Executive Chairman of the Board. His departure is set to take effect at the company's annual meeting of shareholders in 2026. Will Stengel, the current President and CEO of GPC, has been appointed as the Chair-Elect, taking on an expanded role within the organization.

This leadership shift reflects GPC's strategic vision and aims to maintain a course of unified direction. Upon Donahue's retirement, Stengel will simultaneously hold the positions of both Chairman and CEO, creating a coherent leadership model that combines strategic foresight with operational agility.

In a statement, P. Russell Hardin, the lead independent director, expressed deep appreciation for Donahue's over two decades of exemplary service at GPC. Hardin emphasized that Donahue has been instrumental in refining the company’s portfolio and governance standards, contributing to GPC's success growth in recent years. He has left behind a robust framework that GPC intends to build upon, ensuring enhanced operational performance and profitability moving forward.

Reflecting on his tenure, Donahue remarked, "It has been a privilege to serve GPC, and I am incredibly proud of what our team has accomplished together." His confidence in Stengel is also apparent, stating that Stengel's strategic clarity makes him an ideal candidate for leading GPC in its next chapter.

Stengel's extensive experience within GPC positions him well for this role. Having joined GPC in various capacities, including Executive Vice President and Chief Transformation Officer, his ascent through the ranks has equipped him with unique insights into the company’s operations and strategic goals. Upon assuming the dual role of Chairman and CEO, Stengel is determined to prioritize ongoing initiatives that drive growth, innovation, and shareholder value.

The Board's decision to appoint Stengel as Chair-Elect serves as a strong endorsement of his capabilities as a leader—both in navigating current market challenges and in harnessing opportunities for expansion.

Moreover, Stengel acknowledged his gratitude for Donahue's mentorship, underscoring the significance of this transition: "Paul has been an incredible mentor, and his leadership has been pivotal to the success of GPC," Stengel stated. His focus will be on collaborating closely with the Board and the dedicated team members at GPC, as the company strives for a future characterized by profitable growth.

About Genuine Parts Company

Founded in 1928, Genuine Parts Company stands as a leader in the global automotive and industrial replacement parts sector. The company operates an expansive network, consisting of over 10,700 locations across 17 countries, employing more than 63,000 people dedicated to delivering value-added solutions for customers. GPC's commitment to quality and service has established its reputation as a trustworthy partner in the industry, as it continues to innovate and adapt to changing market needs.