Genuine Parts Company named the leadership teams and board leadership for the two companies it will create when it separates its automotive and industrial businesses, appointing board member Court Carruthers chief executive officer-elect of the automotive company and moving chairman and CEO Will Stengel to the industrial side. The Sept. 9 announcement also settled the […]
Genuine Parts Company to Split Into Separate Automotive, Industrial Public Companies
Genuine Parts Company (NYSE: GPC), announced Feb. 17 that it plans to separate into two independent publicly traded companies — one for its automotive parts business and one for its industrial parts business — in a transaction targeted for the first quarter of 2027. The company, that operates the NAPA auto parts brand and the […]
Prince Family Foundation Partners with UAF to Award 10 Scholarships to Automotive, Collision Repair and Heavy-Duty or Diesel Students
The University of the Aftermarket Foundation (UAF) announced that the Prince Family Foundation has become a Lifetime Trustee and will award 10 annual automotive, collision repair, or heavy-duty/diesel scholarships in memory of Larry Prince, former chairman and CEO of Genuine Parts Company, and his wife Sandra. The Larry and Sandra Prince Scholarships will be awarded […]
Genuine Parts Company Acquires Largest NAPA Independent Store Owner in the U.S.
Genuine Parts Company (NYSE: GPC), the global distributor of automotive and industrial replacement parts, announced it acquired Motor Parts & Equipment Corporation (MPEC) effective April 30. MPEC, founded in 1938, is based in Rockford, Illinois and is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, […]