By Maria Saporta
Genuine Parts is putting its succession plan in place.
As expected, Genuine Parts announced Monday that its board had elected Paul Donahue to the position of president of the automotive parts, industrial products and business services company. In 2010, the company had revenues of $11.2 billion.
Tom Gallagher will continue to serve as Genuine Parts’ chairman and CEO. For the record, Donahue, 55, will be only the seventh president of the 84-year-old company. Previously Donahue had been serving as executive vice president of the Genuine Parts Co. and as president of the U.S. Automotive Parts Group.
