Genuine Parts Co at UBS Global Consumer and Retail Conference Transcript
Good morning everyone. I'm Michael Lasser, the hardline broadline and food retail analyst from UBS. I could not be more excited to have the team from Genuine Parts with us today.
It feels a little bit like seeing your buddies after they've had quite a lot going on and so there is an amount of things to talk about. And we are excited to have Will Stengel, the company's Chief Executive Officer; Bert Nappier, the company's Chief Financial Officer; and of course, Tim Walsh, who leads the company's Investor Relations.
Questions & Answers
Where I want to start our conversation is obviously, you are intently focused on maximizing shareholder value. Genuine Parts has announced that there's going to be a split in two businesses, presumably this is the result of a lot of work, a lot of diligence. So as a place for us to start, could you just walk us through the thought process around this? What are the advantages for each of Genuine Parts to businesses from being standalone companies.
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