Genuine Parts Company CFO to retire
Genuine Parts company, parent of Motion Industries, announced that Carol Yancey, executive vice president and chief financial officer, will retire at the end of May 2022.
Yancey has been with the company for 30 years. Bert Nappier will join the company as executive vice president and chief financial officer-Elect, effective Feb. 28, 2022. Nappier will assume the role of CFO on May 2, and Yancey will serve in an advisory role until her retirement to assist in an orderly and seamless transition. Nappier will have responsibility for GPC's global financial operations and will play a key role in advancing the company's strategic initiatives. He will report to Paul Donahue, chairman and chief executive officer.
"We are very pleased to welcome Bert Nappier as our next CFO. Bert is a strategic financial executive with broad expertise in key areas such as global finance, operations and business strategy. We are confident his diverse background, extensive experience and leadership skills will make him a valuable addition to our executive management team. We look forward to his contributions to the next phase of growth at GPC," said Donahue.
Nappier will join GPC with a diverse background spanning nearly 25 years, including the last 16 years with FedEx Corporation. Since June 2020, he served as executive vice president, finance and treasurer, where he led teams responsible for corporate finance, cash management, global tax planning and strategy, risk management and corporate development. Nappier also held executive roles in Europe, serving as president of FedEx Express Europe and CEO of TNT Express, the largest ever FedEx acquisition, from June 2018 to May 2020 and senior vice president finance and international CFO of FedEx Express for the two years before that.
"On behalf of the entire organization, we want to thank Carol for her 30 years of dedicated service to GPC, including the last nine years as CFO," said Donahue. "Carol's leadership and numerous contributions have been instrumental to the significant growth and strong financial performance of the Company. She has also been a mentor to many, and her positive influence will have a lasting impact on generations of professionals across the GPC organization. Carol will be greatly missed, and we wish her all the best in her retirement."
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