On Aug. 8, Grainger announced
that current chief operating officer DG
Macpherson will become the company’s
new CEO on Oct. 1, succeeding Jim Ryan,
who is retiring.
Grainger said its board of direc-
tors approved Ryan’s nomination of
Macpherson to become CEO and a
board member, stating that the move is
“the penultimate step” in a multiyear succession process
that will conclude with Macpherson taking on the role
of chairman upon Ryan’s retirement. The process began
with Macpherson’s appointment as COO in 2015. No
COO replacement will be named.
Ryan has been with Grainger for nearly 36 years,
including the last eight as CEO. Ryan is only the fourth
CEO in
the com-
pany’s
89-year
history.
Macpherson has been with Grainger since 2008. He
joined Grainger in 2008 after working closely with
Grainger for six years as a partner and managing director at Boston Consulting Group, where he was a member of the Industrial Goods leadership team. Grainger
notes Macpherson helped build the company’s strategy,
oversaw the company’s launch of its Zoro business and
helped build the company’s supply chain capabilities and
realigned its U.S. business.
Grainger said no other executive changes are planned
at this time.
Grainger’s Macpherson To Become CEO On Oct. 1
NEWS
Sonepar USA announced Aug. 15 that its subsidiary
Hagemeyer North America-Industrial Distribution
Group will begin operating under the Vallen brand as
of mid-October this year, with a full brand launch scheduled for the week of Oct. 10. The company’s new name
will be Vallen Distribution Inc. … Coraopolis, PA-based
D&S Industrial Fasteners recently opened its first retail
storefront, located in Washington, PA. The company held
a grand opening Aug. 18-19 … Wolseley Canada announced that senior vice president Darcy Curran left the
company, effective Aug. 19 and that Wolseley’s global
head of corporate development, Simon Oakland, will assume leadership for Wolseley Canada on an interim basis
… After 42 years, IBT Industrial Solutions has moved its
Oklahoma City branch to a new, 7,200 square foot branch
there. It houses two outside sales staff and three inside
sales staff … Material handling products supplier
Columbus McKinnon has terminated its relationship with
Grainger, saying it will instead focus its go-to-market
strategy on its network of value-add channel partners
… MSC Industrial Supply executive vice chairman and
former CEO David Sandler passed away July 11 at the age
of 59 following a battle with pancreatic cancer. Sandler
joined MSC in 1989, serving as president from 2003 to
12, eBay announced a major rebrand to its B2B offering
by launching eBay Business Supply. Its product offering includes industrial subcategories under the areas of
construction and metalworking & manufacturing, with
construction including a broad offering of MRO products
… Honeywell has
announced that
current president and COO
Darius Adamczyk
will succeed Dave Cote as CEO on March 31, 2017. The
company also recently announced it will split its Automation and Control Solutions business into two segments —
Home and Building Technologies and Safety and Productivity Solutions … In July, Motion Industries broke
ground on a new 156,000 square foot distribution center
near Dallas, TX. It will be almost 50,000 square feet bigger
than the company’s current distribution center there … In
July, Sonepar announced that OneSource Distributors
president Mike Smith will take on the roles of CIO and
vice president of operations for Sonepar USA and that
OneSource senior vice president of sales Dana Mouritzen
will take over as OneSource president.
MERGERS & ACQUISITIONS
Specialty flow control products distributor FCX Performance has acquired Farmington Hills, MI-based S W
Controls, a regional distributor of valves and instrumentation to the process market … Portland, OR-based
Mallory Safety and Supply has acquired the assets of
San Diego-based RJ Safety Supply. It was Mallory’s 14th
acquisition in the last 11 years … Knoxville, TN-based
Macpherson
