After 37 years at Motion Industries — a leading distributor of industrial maintenance, repair, and operation replacement parts — Chairman Bill Stevens announced his plans to retire effective March 1, 2015.
Tim Breen, named President and Chief Operating Officer in 2013, then President and Chief Executive Officer 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."
Tom Gallagher, Chairman and CEO of Motion's parent, Genuine Parts Company, commented, "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. 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."