GENUINE PARTS Business Summary

Genuine Parts Company (GPC) is a global service organization specializing in the distribution of automotive and industrial replacement parts, generating approximately $24.3 billion in annual revenue through a high-volume wholesale and retail transaction model. The company operates via two primary segments: the Automotive Parts Group, anchored by the NAPA Auto Parts brand, which accounts for roughly 63% of total sales across 10,000 global locations, and the Industrial Parts Group, operating as Motion, which contributes 37% of revenue as a leading distributor of bearings, power transmission, and automation solutions. In February 2026, GPC announced a definitive strategic plan to separate these divisions into two independent, publicly traded entities—Global Automotive and Global Industrial—to sharpen market alignment and accelerate business-specific investments. GPC maintains a dominant market position as a "Big Four" automotive distributor and a top-tier industrial supplier, competing directly with AutoZone, O'Reilly Auto Parts, Advance Auto Parts, and W.W. Grainger. Founded in 1928 by Carlyle Fraser, GPC is currently led by William P. "Will" Stengel, who serves as President and Chief Executive Officer and was recently named Chair-Elect to succeed retiring Non-Executive Chairman Paul D. Donahue. Stengel, who joined GPC from HD Supply, is supported by Executive Vice President and CFO Bert Nappier, formerly of FedEx, and Naveen Krishna, the Executive Vice President and Chief Information and Digital Officer. The company’s governance is bolstered by a high-pedigree Board of Directors, including Lead Independent Director P. Russell Hardin (President of the Robert W. Woodruff Foundation) and notable members such as Matt Carey (former EVP at The Home Depot), Court Carruthers (former CEO of TricorBraun), and Darren Rebelez (Chairman and CEO of Casey's General Stores). As a long-standing member of the S&P 500, GPC is widely recognized for its financial stability, having achieved 70 consecutive years of annual dividend increases as of early 2026.