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Letter to the Editor
Tuesday November 19
Genuine Parts Company Announces New Board Members and Declares Regular Quarterly Dividend
Larry Prince, Chairman of the Board and Chief Executive Officer of Genuine Parts Company, has announced the election of Dr. Mary Brown Bullock and Mr. John D. Johns as new Directors of the Company.Dr. Bullock is President of Agnes Scott College, an independent, national liberal arts college for women located in Atlanta. Dr. Bullock has served as President of Agnes Scott for seven years, and is also the current Chair of the National Association of Independent Colleges and Universities (NAICU), an organization that represents nearly 1,000 U.S. higher education institutions.
Mr. Johns is President and Chief Executive Officer of Protective Life Corporation in Birmingham, Alabama. He previously served as President and Chief Operating Officer and, prior to that, as Chief Financial Officer of Protective Life.
Mr. Prince stated, "Dr. Bullock and Mr. Johns both bring a great deal of expertise to our Board and we welcome them. We look forward to the strength and talent they will bring to our Board."
The Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of 29 cents per share on the company's common stock.
The dividend is payable January 2, 2003 to shareholders of record December 6, 2002.
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