STOCK TITAN

MSC Industrial Supply Co. Names Kristen Actis-Grande Chief Financial Officer

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) has appointed Kristen Actis-Grande as Executive Vice President and Chief Financial Officer. Actis-Grande joins MSC after 17 years at Ingersoll Rand, where she was Vice President of Investor Relations and Financial Planning. MSC aims to enhance its operational efficiency and stakeholder engagement under her leadership. Actis-Grande holds a B.S. in Finance from Lehigh University and an M.B.A. from Indiana University. MSC is a leading North American distributor of metalworking and MRO products, serving industrial customers for over 75 years.

Positive
  • Appointment of Kristen Actis-Grande could enhance executive team strength.
  • Actis-Grande has a proven track record in financial leadership.
  • MSC aims to transform into a mission-critical partner for customers.
Negative
  • None.

MELVILLE, N.Y. and DAVIDSON, N.C., Aug. 31, 2020 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, today announced that it has named Kristen Actis-Grande to the role of Executive Vice President and Chief Financial Officer.

Actis-Grande joins MSC following a 17-year tenure with Ingersoll Rand. She most recently served as Vice President of Investor Relations and Financial Planning and Analysis for the diversified industrial company. Actis-Grande previously served as Vice President of Finance for the company's Compression Technologies and Services business, a multibillion-dollar, global manufacturing and services organization. Prior to that role, she served as Vice President of Finance for Residential HVAC and Supply, a multibillion-dollar business unit that includes the Trane and American Standard brands. Actis-Grande previously held a variety of progressively responsible finance leadership roles across the organization. She received a B.S. in Finance from Lehigh University and an M.B.A. from the Indiana University Kelley School of Business.

"Kristen is a talented executive with a track record of driving improved performance, demonstrating leadership and building a strong team," said MSC President and CEO Erik Gershwind. "I am pleased to welcome her to our company and look forward to benefitting from her experience as we transform MSC into a mission-critical partner on the plant floor."

"MSC is a forward-looking company focused on serving all of its key stakeholders. I look forward to contributing to the company's positive culture and long history of success as a leading distributor of MRO products and solutions," Actis-Grande said.

Actis-Grande will be based at MSC's Customer Support Center in Davidson, North Carolina.

About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with more than 1.8 million products, inventory management and other supply chain solutions, and deep expertise from over 75 years of working with customers across industries.

Our experienced team of approximately 6,500 associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow.

For more information on MSC, please visit mscdirect.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/msc-industrial-supply-co-names-kristen-actis-grande-chief-financial-officer-301120726.html

SOURCE MSC Industrial Supply Co.

FAQ

Who is the new CFO of MSC Industrial Supply Co.?

Kristen Actis-Grande has been appointed as the new CFO.

What prior experience does Kristen Actis-Grande have?

She has 17 years of experience at Ingersoll Rand, serving in various financial leadership roles.

What is MSC's business focus?

MSC specializes in metalworking and MRO products and services.

When was the announcement made about the new CFO?

The announcement was made on August 31, 2020.

What is MSC's stock symbol?

The stock symbol for MSC Industrial Supply Co. is MSM.

MSC Industrial Direct Co., Inc.

NYSE:MSM

MSM Rankings

MSM Latest News

MSM Stock Data

4.29B
44.18M
20.91%
83.21%
6.13%
Industrial Distribution
Wholesale-industrial Machinery & Equipment
Link
United States of America
MELVILLE