The latest update is out from Genuine Parts Company (GPC).
James R. Neill, the Executive Vice President and Chief Human Resources Officer of Genuine Parts Company, will retire on April 30, 2024, but will remain as a consultant until September 30, 2024. He will receive a cash separation payment, which includes his current salary for sixty weeks, a prorated annual cash incentive, and the cash value of unvested long-term incentive awards and certain benefits. This compensation is in line with the company’s standard retirement benefits for employees at his level who participate in the voluntary retirement program.
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