ATLANTA -- Gary Rollins has been elected new director of Genuine Parts Co. The announcement was made by Thomas Gallagher, chairman of the board, president, and CEO. Rollins is currently CEO and president of Rollins, Inc. Rollins has held the position for more than four years and has been president and CEO for 21 years. Rollins, Inc. is one of the nation's largest consumer services companies.
"Gary Rollins is an experienced and successful executive. We are pleased to have him joining our board and we look forward to his contributions in the years ahead,” said Gallagher.
In addition, the board elected Jerry Nix, currently executive vice president - finance and CFO, to the position of vice chairman of the board. Nix was also elected as a new director of the company.
"Jerry has been a real contributor to our success over the past 27 years and he is an extremely valuable member of our team. He has certainly earned this additional recognition," said Gallagher.
In other news, the board declared a regular quarterly cash dividend of 31 … cents per share on the company's common stock.
The dividend is payable January 2, 2006 to shareholders of record Dec. 9.
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