Napa Auto Parts 2006 Annual Report Download - page 7

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from his guidance and dedicated service. We want to thank Tom for
his many contributions and wish him the very best in his retirement.
We are pleased to inform you that Keith O. Cowan has joined the
Company and at our February 2007 Board meeting, the Directors
elected him to the position of Executive Vice President. Keith will be
involved in areas such as Information Technology and Telecommunica-
tions, as well as Strategic Planning and Business Development. He has
distinguished himself over his career and for the last ten years Keith
has held several key executive management positions with BellSouth
Corporation in Atlanta, Georgia. Keith is a very talented business
executive and we look forward to his future contributions.
In the Automotive Parts Group, Cary V. Carter has been promoted to
Senior Vice President – Stores, eff ective January 2007. Cary joined the
Company in 1979 and has held several important automotive posi-
tions over the years. His vast experience and store focus make him an
excellent choice for this key leadership role. In our Mexican automotive
operations, Juan Lujambio has been promoted to President and CEO
of Auto Todo. Juan joined the Company in early 2002 as Vice President
of Sales and Marketing and has done a fi ne job for us. We are pleased to
have him in this leadership position at Auto Todo.
At EIS, John A. Steel, Senior Vice President, retired from the Company
on December 31, 2006. John joined EIS in 1978 and over his long
and distinguished career he successfully led its Fabrico Division. We
thank John for his great leadership and wish him all the best in the years
ahead. To replace John,  omas A. Jones was promoted to Senior Vice
President and General Manager – Fabrico, eff ective July 2006. Tom has
been with EIS since 1978 and is uniquely qualifi ed to lead Fabrico into
the future. Lastly, Larry L. Griffi n was promoted to Senior Vice President
– Marketing, in May 2006. Over Larry’s many years in the industry, he
successfully demonstrated his managerial and business building skills.
We are pleased to have Tom and Larry in their new positions.
Conclusion
You can read more about 2006 and the progress made throughout each
of our four business segments in the pages that follow. We are pleased
with the sales and earnings achieved in 2006 and we feel good about
the quality of our balance sheet and our strong fi nancial condition.
As we move into the new year, we are well positioned to show addi-
tional progress in these areas in 2007. In each of our businesses,
growing revenues, improving operating margins and enhancing our
asset management and working capital effi ciencies remain primary
goals. Importantly, we are optimistic that the right people and strategic
plans are in place to achieve these goals.
In closing, we want to express our appreciation to our employees,
customers, vendors and shareholders for your commitment to and
ongoing support of Genuine Parts Company.
Respectfully submitted,
omas C. Gallagher Jerry W. Nix
Chairman, President and Vice Chairman and
Chief Executive Offi cer Chief Financial Offi cer
March 2, 2007
Jerry W. Nix
Vice Chairman and
Chief Financial Of cer
Thomas C. Gallagher
Chairman, President and
Chief Executive Of cer
Dividend Per Share*
in dollars
*restated to re ect stock splits
1.16
97 98 99 00 01 02 03 04 05 06
1.18 1.20 1.25
1.35
0.96 1.00 1.04 1.10 1.14
5