Fasteners and construction supplies distributor Fastenal announced that its Senior Executive Vice President and Chief Financial Officer Holden Lewis is set to resign from his position, effective April 16.
According to a Dec. 27 Fastenal 8-K filing with the Securities and Exchange Commission, Lewis will continue in his current position until the effective date of his resignation, ensuring a smooth transition of his duties to his successor.
MDM Case Study: The Big Pivot That Paid Big Dividends – published December 2023 (also find it here in the MDM Store)
Since December 2022, Lewis has served as Fastenal’s SEVP and CFO, overseeing the company’s finance, accounting, audit and legal functions.
The notice confirmed that Lewis’s decision to resign is not due to any disagreements with the company’s operations, policies or practices, including accounting or financial reporting issues. Fastenal has not yet named a successor for the CFO role.
Fastenal will report its fourth quarter and 2024 full-year financials on Jan. 17.
In 2023, Fastenal posted total sales of $7.35 billion that grew 5.2% annually, with net profit of $1.16 billion up 6.3%.
The company was No. 6 on MDM’s 2024 Top Distributors Lists, for Industrial Supplies, No. 5 for MRO, No. 7 for Fluid Power, No. 1 for Fasteners, No. 2 for Safety and No. 10 for JanSan/Packaging/Disposables and No. 22 for Electrical.
In the MDM Store: MDM’s 2024 MRO Report
Related Posts
-
The company promoted an industry veteran with 25 years of experience at Fastenal to the…
-
It suggests that broader demand for industrial and construction supplies remains subdued heading into 2024's…
-
Get a complete breakdown of the distributor's September and 3Q financials, which point to a…
