8-KItem 5.02 · Officer/Director ChangeItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Genuine Parts Names Court Carruthers CEO-Elect Ahead of 2027 Separation
Filed with the SEC on · Summarized by InvestorsBot
Genuine Parts appointed board member Court Carruthers CEO-elect effective September 8, 2026; he is expected to become CEO of the automotive business when the planned separation of its Automotive and Industrial businesses is completed in the first quarter of 2027, while Will Stengel remains chairman and CEO until closing. Carruthers will receive a $1.0 million salary before the separation and $1.2 million afterward, with a 150% bonus target; CFO Bert Nappier and Motion President James Howe were also named operating chiefs, with the separation still subject to customary conditions and SEC registration effectiveness.