Motion Industries Chairman Bill Stevens Retires

BIRMINGHAM, Ala. (Feb. 24, 2015) – After 37 years at Motion Industries, Chairman Bill Stevens announced his plans to retire, effective March 1. Tim Breen, named president and chief operating officer in 2013, then president and CEO in 2014, succeeds Stevens to lead the company. The two have worked closely together during the last few years to ensure a smooth transition. Upon making his retirement announcement, Stevens commented, “Tim brings significant experience and skills to lead Motion Industries. It will be exciting to see the future, as Tim and his management team continue the wonderful tradition of our company.”

“Bill was the CEO at Motion Industries for 18 years, and Motion has grown to become one of the leading industrial distribution companies in North America, largely attributable to his leadership,” said Tom Gallagher, chairman and CEO of Motion's parent, Genuine Parts Company. “We wish him the very best in his retirement. We are also excited to have Tim Breen in the role of president and CEO. Tim's proven leadership and tremendous industry experience make him the right person to lead Motion to further success in the years ahead.” Stevens began his career with Motion Industries in 1978 as director of human resources. After several promotions to various other roles, he was named president and COO before becoming president and CEO in 1997. With Stevens at the helm, Motion Industries' sales grew from $1.85 billion (1997) to $4.8 billion in 2014. A portion of this growth, in both sales and footprint, can be attributed to the 38 acquisitions completed during Stevens' tenure as president and CEO. Growth in product offerings, program introductions and system advancements since 1997 have also contributed to Motion's expansion under Stevens' leadership. This success is reflected with the honor of numerous awards received from customers over the years for quality, service and efficiency. Stevens has personally received a number of distinguished awards, including 1997 and 2006 Genuine Parts Company Manager of the Year and the 2014 Bearing Specialists Association (BSA) Lifetime Achievement Award. He has been a BSA member since 1989 and has served in many capacities. Stevens has also been an active member of the Power Transmission Distributors Association (PTDA) for many years and has served on numerous boards of both for-profit and nonprofit organizations in the Birmingham area. Throughout his career, Stevens has remained dedicated to family, faith and community while managing to devote countless hours to the industry. Motion Industries' employees thank Stevens for his many contributions and will be inspired by his leadership, wisdom and generous spirit for many years into the future. Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. The company is a wholly owned subsidiary of Genuine Parts Company.