Lawson Products Announces Board Appointments
March 22 2019 - 7:30AM
Business Wire
Lawson Products, Inc. (NASDAQ: LAWS) (“Lawson” or the
“Company”) a distributor of products and services to the MRO
marketplace, today announced that J. Bryan King, CFA and a
principal of Luther King Capital Management, has been appointed
Chairman of the Company’s Board of Directors. Mr. King was elected
to the Board of Directors in 2017. In 2003, Mr. King established
the LKCM Distribution Holdings oversight advisory board of
operating partners and thought leaders to support LKCM Capital
Group and its affiliates’ investment activities with respect to
distribution, packaging, shop, field and engineering services, and
rental focused businesses. TestEquity, Relevant Solutions and
Industrial Distribution Group are among the businesses where Mr.
King has served as Chairman of the Board and the Managing
Partner.
Additionally, Mr. Charles Hale and Mr. Mark Moon have been
appointed to serve as directors on Lawson’s board, filling the two
vacancies from recently retired directors.
Charles D. Hale, 52, has served as Executive Vice Chairman of
Test Equity, Inc. since 2017, Chairman of Liquid Technologies Inc.
since 2016, and as a member of the Board of Directors at Applied
System Technologies since 2017. In addition, he has been an
operating partner of LKCM Headwater Investments since 2017.
Mr. Hale, a seasoned industrial distribution executive, worked
at FCX Performance, a leader in the special flow control
distribution market. He served as the company’s CFO for 11 years
before becoming President, and then President and Chief Executive
Officer. During his tenure at FCX, Mr. Hale successfully led the
company’s M&A strategy with the acquisition of 28 companies,
transforming the company from a regional distributor to a national
footprint, while improving overall company profitability. He began
his career as a commercial and investment banker with Bank One,
Mitsubishi Bank and Fifth Third Bank. Mr. Hale is a graduate of
Ohio University where he received his bachelor’s degree in
management and finance.
Mark F. Moon, 56, is the President of MFM Advisory Services and
serves as an advisor and operating partner of LKCM Headwater
Investments and Bertram Capital since 2016 and 2018, respectively.
Mr. Moon is also on the Board of Directors for BearCom LLC and
TestEquity LLC, both of which are distribution companies.
Previously, he spent over 30 years at Motorola Solutions, Inc.
where he served as President and was responsible for strategy and
leading all aspects of global operations, including sales and
marketing, product research and development, software and services,
and supply chain. In addition, Mr. Moon previously served as
Chairman of the Board of Directors for Vertex Standard, a Motorola
joint venture.
Mr. Moon is a graduate of the Georgia Institute of Technology
where he earned his bachelor’s degree in industrial and systems
engineering. He was named to the school’s Academy of Distinguished
Engineering Alumni in 2014 and currently serves on the Advisory
Board of the School of Industrial and Systems Engineering.
About Lawson Products,
Inc.
Founded in 1952, Lawson Products, Inc., headquartered in
Chicago, IL, sells and distributes specialty products to the
industrial, commercial, institutional and government maintenance,
repair and operations market (MRO). The Company is dedicated to
helping customers in the U.S. and Canada lower their total cost of
operation by increasing productivity and efficiency. The
combination of Lawson Managed Inventory and the Company’s
problem-solving professionals ensures customers always have the
right parts to handle the job. Through The Bolt Supply House,
customers in Western Canada have access to products at several
branch locations. Under its Kent Automotive brand, the company
provides collision and mechanical repair products to the automotive
aftermarket.
Lawson Products ships from several strategically located
distribution centers to customers in all 50 states, Puerto Rico,
Canada, Mexico, and the Caribbean.
For additional information, please visit
https://www.lawsonproducts.com/ or
https://www.kent-automotive.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20190322005079/en/
Lawson Products, Inc.Ronald J. KnutsonExecutive Vice
President and Chief Financial Officer773-304-5665
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