10/21/2010 12:01:00 PM
NEWS BRIEFS
MSC Announces Executive Succession Plan
MSC Industrial Supply announced its management succession plan for chief executive officer.
CEO David Sandler will continue in his current role through December 31, 2012, or no later than December 31, 2013 as determined by the MSC’s board.
COO Erik Gershwind will succeed Sandler, who will serve as vice president of the company’s board until the end of 2016 after leaving his current post.
There are no changes to management roles or responsibilities and no other executive leadership changes at this time, MSC emphasized.
“While my desire in the coming years will be to eventually spend more time with my family, MSC has not only represented a career to which I remain deeply committed but an important part of my life as well,” stated Sandler.
Sandler was named CEO in November 2005 after serving as COO for the previous five years. He has been a board member since June 1999, and joined MSC in 1989 after the company acquired industrial supply distributor Dancorp Inc., which Sandler founded and led.
Gershwind was named COO in October 2009. Prior to that, he was senior vice president of product management and marketing since December 2005. Gershwind joined MSC in 1996 as manager of the Company’s acquisition integration initiative, and in 1999 established MSC’s Internet business as Director of eCommerce. ©2010 GlobalFastenerNews.com
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