Industrial Supply Co. Announces CEO Retirement, New CFO - Modern Distribution Management

Industrial Supply Co. Announces CEO Retirement, New CFO

Industrial Supply's Jessica Yurgaitis will succeed Chris Bateman, who will retire as CEO after a 41 years with the company.
Industrial Supply Company

Utah-based Industrial Supply Company announced on June 28 that current company President Jessica Yurgaitis will succeed Chris Bateman as the distributor’s chief executive officer, with Bateman to retire after 41 years with the company. 

Jessica Yurgaitis

Yurgaitis has over 25 years of experience at Industrial Supply Company, and has been a member of its executive team and Board of Directors. She is also the great-granddaughter of Industrial Supply’s founder.

Bateman said he will work closely with Yurgatitis to ensure a smooth transition. 

 “As CEO, Chris made sure that even as external conditions changed, our customer service never faltered and our company remained strong and successful,” Yurgaitis said in a news release.

Chris Bateman’s History with Industrial Supply

Industrial Supply officials said Bateman was instrumental in driving growth, maintaining customer service and strong vendor relationships, as well as creating innovative solutions, such as the company’s marketing partner program.

“Chris spent much of his career creating unique agreements with our largest customers that allowed for the highest level of service at a preferred price,” said Phil Thompson, who has been the Chairman of Industrial Supply since 1978. 

Chris Bateman

Bateman joined Industrial Supply in 1982, when he began working in the company’s warehouse. From there, he quickly moved to sales, and eventually to a position on the company’s Board of Directors.

One of the founding members of the U.S. Industrial & Safety Division of Affiliated Distributors, Bateman built strong relationships with both suppliers and distributors.

In April, Affiliated Distributors honored Bateman’s decades of service to the member group.

Industrial Supply Names Andrew Ward CFO

Industrial Supply has promoted Andrew Ward from Vice President of Finance to Chief Financial Officer. 

“A Certified Public Accountant, Ward has a strong understanding of the company’s financial operations. As CFO, his expertise and strategic insights will play a vital role in supporting the company’s continued growth and financial success,” officials wrote.

Industrial Supply serves the construction, manufacturing, mining, government, and industrial community. The distributor has eight locations in the Intermountain West, which serve Wyoming, Nevada, Utah, Arizona and surrounding areas.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!