MSC Industrial Direct Elects Rob Aarnes to Board

By Tamara Parker • Wednesday, August 28 06:02 • Permanent Link

MSC Industrial Supply Co. (NYSE: MSM) has announced the election of Rob Aarnes to its board of directors. Aarnes, who brings a wealth of experience in operations management and a strong track record of driving profitable growth, is expected to strengthen the company's corporate governance profile and provide valuable insights. Aarnes has been serving as the president of ADI, a global wholesale distributor, since 2017.

MSC Industrial Supply Co. is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services. With approximately 2.4 million products and over 7,000 associates, the company aims to help its customers drive greater productivity, profitability, and growth.

In light of this appointment, investors and stakeholders are likely to closely monitor the company's performance and strategic direction in the coming quarters, especially considering the significant changes anticipated from the reclassification agreement with shareholders. Following these announcements, the company's shares moved -1.0%, and are now trading at a price of $82.17. Check out the company's full 8-K submission here.

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