Log In
Search
Menu
Staffing Changes
GPC will promote William Stengel to CEO in June and has completed the acquisition of Illinois-based Motor Parts & Equipment Corp.
Author
- Vesna Brajkovic
Date
- May 1, 2024
- TypeNews
Automotive and industrial replacement parts distributor Genuine Parts Company announced it will have a new CEO in June, and acquired the largest independent owner of NAPA Auto Parts stores in the U.S.
Effective June 3, current President and Chief Operating Officer William Stengel will succeedPaul Donahue as President and CEO, and serve as a member of the company’s Board of Directors. Donahue will then transition from Chairman to Executive Chairman.
GPC is the parent company of industrial parts unit Motion, which highly ranks annually on MDM’s Top Distributors Lists. In 2023, Motion was No. 2 for industrial supplies, No. 2 for MRO, No. 1 for power transmission/bearings, No. 3 for fluid power and No. 2 for hose/hose accessories.
As the sixth CEO in the company’s 96-year history, Stengel will lead GPC as it adds Rockford, IL-based Motor Parts & Equipment Corp. (MPEC), the owner of 181 NAPA Auto Parts stores across Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin. GPC completed the acquisition of the independent owner on April 30.
“We are pleased to announce the completion of this strategic acquisition, which aligns with our initiative to own more NAPA stores in priority markets,” Stengel said in a May 1 news release.
Stengel joined the company in 2019 as Executive Vice President and Chief Transformation Officer with nearly two decades of leadership and professional experience at HD Supply, The Home Depot and various investment banking companies. In 2021, he was promoted to serve as the eighth president in GPC’s history. His role expanded to President and COO in 2023.
GPC Names New Director
On April 30, GPC shareholders elected Charles “Chuck” Stevens to its Board of Directors, to succeed Jenner Wood as Director.
Stevens held the position of Executive Vice President and Chief Financial Officer of General Motors Company from 2014 to 2018. Prior to that role, he held a variety of leadership positions within General Motors Company’s finance team.
(Lead Photo: Will Stengel, GPC)
Related Posts
MC Distributor Aberdeen Dynamics Makes 1st Acquisition
The agreement cements Aberdeen Dynamics' first-ever acquisition.
Schaedler Yesco Completes Clarion Electric Acquisition
With the purchase of Clarion Electric, electrical distributor Schaedler Yesco Distribution now has 26 locations…
GMS Completes Kamco Acquisition in NYC
The addition of building materials distributor Kamco Supply expands GMS' wallboard distribution and geographic footprint.
Share this article
- Filed In: Staffing Changes, , Facilities Maintenance (MRO)
About the Author
Vesna Brajkovic is MDM's Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
Recommended Reading
Related Posts
- MC Distributor Aberdeen Dynamics Makes 1st Acquisition
- Schaedler Yesco Completes Clarion Electric Acquisition
- GMS Completes Kamco Acquisition in NYC
Leave a Reply
Leave a Comment
You must be logged in to post a comment.
Log In
Read the latest articles and see your reports.
Log In
Popular Now
Perspective
MDM’s Tom Gale on AI’s Growing Role in Distribution
- September 26, 2024
Economic Trends
August U.S. Durable Goods Orders were Flat
- September 26, 2024
Motion and Flow Control Products
- September 26, 2024
MRO
DSG’s Gexpro Services to Acquire Distributor in SE Asia
- September 26, 2024
Building Materials/Construction
Material Handling Equipment Distributor Big Lift Opens WI Headquarters
- September 26, 2024
MDM Directories
- Top Distributors
- Investment Banks
- Associations
- Buying Groups
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
Sign Up
Get the MDM Update Newsletter
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
- Up-to-date news in a quick-to-read format
- Free access to webcasts, podcasts and live events
- Exclusive whitepapers, research and reports
- And more!
2
articles left
Want more Premium content from MDM?
Subscribe today and get:
- New issues twice each month
- Unlimited access to mdm.com, including 10+ years of archived data
- Current trends analysis, market data and economic updates
- Discounts on select store products and events
Subscribe
Log in
Subscribe to continue reading
MDM Premium Subscribers get:
- Unlimited access to MDM.com
- 1 year digital subscription, with new issues twice a month
- Trends analysis, market data and quarterly economic updates
- Deals on select store products and events
Subscribe
Log in
To continue reading, you must be an MDM Premium subscriber.
Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.
Subscribe
Log in
Back to MDM.com
Register for full access
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
