Genuine Parts (GPC) said it is appointing two new members to its board of directors as part of a deal with activist investor Elliott Investment Management.
The company said it has appointed Courtney Carruthers, former president and chief executive of TricorBraun, and Matt Carey, a former Home Depot (HD) as independent directors to the board, from Sept. 4, the company said.
Robert Charles Loudermilk and John R. Holder will retire from the board, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.