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Genuine Parts Co. Declares Regular Quarterly Dividend and Announces Officer Changes
August 21, 2007
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ATLANTA -- Genuine Parts Co. (GPC) has declared a regular quarterly cash dividend of thirty-six and one half cents ($.365) per share on the company’s common stock. The dividend is payable Oct. 1 to shareholders of record Sept. 7.

GPC also announced two new corporate officers. The board of directors elected Paul Donahue to the position of executive vice president. Previously, Donahue served as president and chief operating officer of the company’s office products subsidiary, S.P. Richards. In his new role, Donahue will have responsibility for several of the company‘s business units and sales initiatives.

In addition, the board of directors elected Charles Chesnutt to the position of senior vice president, technology and process improvement. Prior to this election, Chesnutt served as the chief financial officer of EIS, the company’s electrical distribution subsidiary. As senior vice president at GPC, Chesnutt will lead the corporate-wide information technology and telecommunications efforts, as well as process improvement initiatives across the company.

Tom Gallagher, chairman, president and CEO of GPC said, “Both Paul and Charlie have made a major impact in their respective leadership roles at S.P. Richards and EIS. The addition of these two talented business executives to the headquarters’ team will serve the company very well and we look forward to their future contributions.”