BIRMINGHAM, Ala.—Motion Industries Inc. did not have to look far to find its new executive vice president, promoting senior vice president and chief financial officer Greg Cook to the post.
Motion Industries, a wholly owned subsidiary of Genuine Parts Co., is a producer of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products and material handling.
"Since Greg has been with the company, we have been able to strengthen our bench in the finance and accounting departments, refine our strategic planning, and strengthen our balance sheet—improving our financial performance for GPC and our shareholders," said Motion Industries President Randy Breaux. "Greg is a key member of the executive team, and I look forward to what the future holds under his continued leadership."
Cook, who has nearly three decades of experience in manufacturing and distribution markets, was hired by Motion Industries in November 2016 and immediately improved Motion Industries' accounting, tax and treasury functions, according to the company.
His promotion takes effect April 1, and he will remain as CFO. Cook will continue with his responsibility over corporate strategy functions, and will take on the oversight of Motion's Information Technologies.
Cook, a CPA, previously worked for Shaw Industries, a supplier of flooring products, and for Arthur Andersen in Atlanta.
Motion Industries serves the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, semiconductor, wood and lumber, medical, and pharmaceutical industries and has annual sales of approximately $6.5 billion.