Genuine Parts Company (GPC) Goldman Sachs Global Consumer and Retail Conference summary

Leadership and organizational changes

• Announced new leadership teams for both automotive and industrial businesses, emphasizing alignment with business strategy and continuity.

• Court named CEO-elect for the automotive business, bringing relevant distribution and board experience.

• Will Stengel to become Chairman and CEO of Motion post-separation, with Howard Yu joining as CFO.

• Leadership changes have energized teams and provided clarity for future direction.

Strategic priorities and operational focus

• Growth remains a central focus for both businesses, with strategies in place for several years.

• Motion aims to deepen customer relationships, expand wallet share, and pursue organic growth, margin improvement, and bolt-on M&A.

• Automotive is prioritizing supply chain modernization, sales excellence, and store performance, with significant CapEx investment in U.S. distribution centers.

• Both businesses are leveraging technology and operational improvements to drive efficiency and competitiveness.

Separation process and financial structure

• The separation is progressing smoothly, with dedicated teams managing business, contract, and system separation.

• Standalone audits and SEC filings are on track, with investor days scheduled for December.

• Both businesses are targeting investment grade credit ratings, with capital allocation strategies tailored to each segment's needs.

• Motion will focus on M&A and CapEx, while automotive will prioritize CapEx for supply chain and continue M&A in Europe and the U.S.