Genuine Parts Co. has appointed two experienced executives to its board of directors as part of an ongoing board refreshment program. According to its press release, Court Carruthers, former president and CEO of TricorBraun, and Matt Carey, former executive vice president at The Home Depot, join as independent directors effective Sept. 4.

The appointments follow constructive engagement with Elliott Investment Management and are part of a cooperation agreement that includes an information-sharing agreement. Two longtime directors, Robert "Robin" Charles Loudermilk Jr. and John R. Holder, will retire after serving since 2010 and 2011, respectively.

"Court Carruthers and Matt Carey are experienced executives with highly relevant expertise and proven track records of operational and financial success. Each will be immediately additive to our board, as we continue to execute our strategic plan and deliver enhanced value for GPC shareholders," said Paul Donahue, non-executive chairman of the board.

Elliott Partner Marc Steinberg said, "As one of GPC's largest investors, we believe the new additions to the board and the ongoing strategic and operational review represent critical steps toward ensuring that GPC reaches its full potential."

Carruthers brings more than 30 years of experience in industrial distribution, previously serving as group president at Grainger, where he led a $9 billion Americas business. Carey served as executive vice president at The Home Depot from 2022 until 2025, bringing significant technology and cybersecurity expertise from previous roles at eBay and Walmart.

The company plans to host an investor day in 2026 as part of its ongoing strategic review.