Genuine Parts Co.'s board increased the quarterly cash dividend by 7% for 2018 to 72 cents per share.

On an annual rate, the dividend will increase to $2.88 per share in 2018 from $2.70 per share previously.

The quarterly dividend is payable April 2.

Meanwhile, Napoleon Rutledge Jr. became senior vice president of finance, and Derek Goshay was named vice president of safety and sustainability. Previously, Rutledge was vice president of finance. Goshay was most recently the senior vice president of Human Resources for EIS.