GPC Appoints Court Carruthers CEO-Elect; Details $1M Base, $6M Equity, $8M Sign-on Grants
· The NYC Memo
Genuine Parts Company appointed Court Carruthers as Chief Executive Officer-Elect, effective September 8, 2026, with an initial annual base salary of $1,000,000, a $6,000,000 target long-term equity grant, and two $4,000,000 sign-on RSU grants. Bert Nappier was appointed EVP, COO and CFO, and James Howe as President and COO of Motion, both effective September 6, 2026, with respective base salaries of $800,000 and $750,000.