Leadership Transition at Genuine Parts: William Stengel II to Lead as New CEO While Paul Donahue Assumes Executive Chairman Role

Genuine Parts Co. (GPC) has announced a significant leadership restructuring effective June 3, 2024. William Stengel II, who currently serves as president and chief operating officer, will step into the role of president and chief executive officer, while Paul Donahue transitions to executive chairman.

Stengel’s Track Record and Appointment

William Stengel II brings over two decades of executive leadership experience to the helm of GPC. Since joining the company in 2019 as executive vice president and chief transformation officer, he has steadily expanded his responsibilities. In 2021, he achieved a milestone by becoming only the eighth president in the company’s 100-plus year history. His scope broadened further in 2023 when he assumed the additional title of chief operating officer, positioning him well for this promotion.

Background and Professional Experience

Prior to joining Genuine Parts, Stengel held multiple executive positions across prominent organizations. He served as president and CEO of HD Supply Facilities Maintenance, bringing deep operational expertise. His career also includes leadership roles at The Home Depot and experience in investment banking, providing him with diverse perspectives on business strategy and growth.

Paul Donahue’s Continuing Role

As Paul Donahue transitions to executive chairman, he will continue to play a strategic role in guiding the company. This shift reflects a common practice in mature organizations, allowing proven leaders to focus on governance and long-term vision while delegating day-to-day operations to the next generation of management.

The transition at Genuine Parts represents a carefully planned succession strategy, emphasizing continuity and the development of internal talent at the board level.