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.
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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.
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