MELVILLE, N.Y. and DAVIDSON, N.C., Dec.
13, 2018 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO.
(NYSE: MSM), a premier distributor of Metalworking and
Maintenance, Repair and Operations (MRO) products and services to
industrial customers throughout North
America, today announced that Dave
Wright, Senior Vice President of Sales & Customer
Success, has resigned to pursue another opportunity. The company
has launched a search for a successor.
"We appreciate Dave's leadership and many contributions during
his tenure with MSC, and we wish him the very best," said
Erik Gershwind, president and chief
executive officer of MSC. "We are encouraged by the progress that
we are making in our sales transformation to strengthen our sales
model and enhance our customers' experience."
Gershwind added, "We will report fiscal first quarter earnings
on January 9, and we expect our first
quarter average daily sales growth to come in slightly above the
midpoint of the range of guidance, reflecting continued momentum as
our sales transformation takes hold."
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 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 more than 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.
Note Regarding Forward-Looking Statements:
Statements in this Press Release may constitute "forward-looking
statements" under the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact,
that address activities, events or developments that we expect,
believe or anticipate will or may occur in the future, including
statements about expected future results and expected benefits from
the transformation of our sales model, are forward-looking
statements. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those anticipated by these forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The inclusion
of any statement in this release does not constitute an admission
by MSC or any other person that the events or circumstances
described in such statement are material. Factors that could cause
actual results to differ materially from those in forward-looking
statements include: general economic conditions in the markets in
which we operate, changing customer and product mixes, competition,
including the adoption by competitors of aggressive pricing
strategies and sales methods, industry consolidation, volatility in
commodity and energy prices, the outcome of government or
regulatory proceedings or future litigation, credit risk of our
customers, risk of cancellation or rescheduling of orders, work
stoppages or other business interruptions (including those due to
extreme weather conditions) at transportation centers, shipping
ports, our headquarters or our customer fulfillment centers,
dependence on our information systems and the risk of business
disruptions arising from changes to our information systems,
disruptions due to computer system or network failures, computer
viruses, physical or electronics break-ins and cyber-attacks,
retention of key personnel, the loss of key suppliers or supply
chain disruptions, risks associated with changes to trade policies,
failure to comply with applicable environmental, health and safety
laws and regulations, goodwill and intangible assets recorded as a
result of our acquisitions could be impaired, risks associated with
the integration of acquired businesses or other strategic
transactions, and financial restrictions on outstanding borrowings.
Additional information concerning these and other risks is
described under "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
reports on Forms 10-K and 10-Q that we file with the U.S.
Securities and Exchange Commission. We assume no obligation to
update any of these forward-looking statements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/msc-industrial-supply-co-announces-resignation-of-dave-wright-senior-vice-president-of-sales--customer-success-300764696.html
SOURCE MSC Industrial Supply Co.