#USA #Atlanta #Dividend Announcement #Genuine Parts #Laurie Schupmann

Board Updates and Financial Insights from Genuine Parts Company

On April 29, 2025, Genuine Parts Company (NYSE: GPC), a well-known global service provider specializing in automotive and industrial replacement parts, announced important changes concerning its board of directors. The company has made a strategic move by electing Laurie Schupmann as a new member of its board, bringing valuable expertise to the already impressive team.

Laurie Schupmann is no stranger to corporate oversight. She has spent nearly four decades with PricewaterhouseCoopers (PwC) serving in various influential roles, including her tenure as a Global Client Partner until her retirement in mid-2023. Her extensive experience will undoubtedly infuse the board with strong financial and accounting insight. Paul Donahue, the Non-Executive Chairman, expressed gratitude towards departing board members Gary Fayard, Johnny Johns, Betsy Camp, and Wendy Needham, each of whom has reached the mandatory retirement age and stepped down after many years of dedicated service.

In his statement, Donahue remarked, "We want to express our sincere gratitude to Gary, Johnny, Betsy and Wendy for their invaluable contributions to our Board. As they retire, we are also pleased to welcome Laurie to our Board. Her leadership and background make her a remarkable addition to our team."

While board composition changes are significant, the company also announced a regular quarterly cash dividend of $1.03 per share for its common stock. This payout is set to be distributed to shareholders of record on June 6, 2025, with the payment scheduled for July 2, 2025. This consistent dividend showcases the company’s commitment to returning value to its stakeholders and maintaining a robust financial position.

About Genuine Parts Company

Genuine Parts Company has been a cornerstone in the automotive and industrial sectors since its establishment in 1928. The company operates a vast network spanning 17 countries, with over 10,700 locations and more than 63,000 employees working tirelessly to supply high-quality parts and services. Its Automotive Parts Group services markets in the U.S., Canada, Mexico, and overseas, while the Industrial Parts Group caters to customers primarily across North America and Australasia.

In an industry where reliability and quality are of utmost importance, GPC stands tall as a leader. Through their commitment to excellence, they keep vehicles and industries sufficiently supplied, ensuring that their vast clientele can continue operating smoothly in their respective markets.

With the addition of Laurie Schupmann, Genuine Parts Company is set to enhance its strategic direction, reflecting a deep understanding of financial dynamics and leadership qualities. As the company continues to evolve, shareholders can look forward to both improvements in governance and sustained financial performance, complemented by regular dividends that reflect its ongoing stability and growth.

To learn more about their operations or to stay updated with future announcements, visit their website at genpt.com.