MOTION ANNOUNCES DIRECTOR OF CORPORATE DEVELOPMENT
For Immediate Release
Birmingham, Ala. – Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts, and a premier provider of industrial technology solutions, is pleased to announce that Jim May was promoted to Director of Corporate Development, effective April 1.
Mr. May joined Motion in August 2020 as Director of Strategic Planning and Development to advance the Company’s corporate strategic planning, provide economic, industry and competitor analyses, and support deal-side acquisition execution and integration processes. In his new role, he will continue his involvement in Motion’s strategic planning but will take on direct responsibility for advancing the Company’s acquisition strategy and processes. Mr. May will continue to report directly to Greg Cook, Motion Executive Vice President and Chief Financial Officer. “Since joining Motion last August, Jim has quickly displayed his financial, strategic, acquisition and relational acumen,” said Mr. Cook. “In his new, expanded role, Jim will now have front-line responsibility for building relationships with potential acquisition targets, and will be the outward-facing point person for our acquisition pipeline. His wide-ranging strategy, corporate development and financial experience within the industrial and manufacturing sectors, as well as his highly relational approach, uniquely position him to lead Motion’s corporate development efforts and to help achieve our Company Vision.”
Before joining Motion last year, Mr. May built 20 years of corporate development experience, including positions with Diebold Nixdorf and most recently Chart Industries, a mid-cap multinational public company, where he led global strategic planning and merger and acquisition
Jim May (M&A) functions. He holds a Bachelor of Science degree in Finance from the University of Akron.
With annual sales of over $5.5 billion, Motion is a leading industrial distributor of bearings; mechanical power transmission products; electrical and industrial automation components; hose, belting, and gaskets; hydraulic and pneumatic components; process pumps; industrial and safety products; seals and accessories; and material handling products and solutions. To increase customers’ productivity, the Company offers many value-added services, including engineering, fabrication, repair, and Industry 4.0 solutions across these product groups. In addition, Mi Automation Solutions and Mi Conveyance Solutions were formed to offer a wide range of specialized, related products and innovative solutions for many applications. Motion has over 500 locations, including 16 distribution centers in North America, and Mi Asia Pacific has nearly 200 locations, including eight distribution centers in Australasia. Motion serves more than 170,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, semiconductor, wood and lumber, medical and pharmaceutical industries. Motion is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). Visit our website at Motion.com. Contact us toll-free at (800) 526-9328.