MSC Industrial Direct co., Inc. (MSM), a distributor of Metalworking and Maintenance, Repair and Operations or MRO supplies, announced Monday that Jeff Kaczka, Executive Vice President and Chief Financial Officer, plans to retire from the company.
Kaczka will continue in his current role until the company appoints a new Chief Financial Officer and a successful transition period has been completed. MSC said it has begun the process to identify a successor.
Erik Gershwind, President and Chief Executive Officer, said, "Jeff strengthened our financial operations, built a solid finance team, and brought even greater discipline to our business. We are grateful for his hard work and leadership."
Kaczka added, "It has been an honor to be part of MSC and I am proud of what the Company has achieved. MSC has an exciting future ahead of it and a strong foundation from which to grow. Once my successor is in place and the transition complete, I look forward to focusing my time and energy on one of my greatest passions - serving the community through my charitable and volunteer activities."
MSC Industrial shares settled at $80.06 on Monday, down 0.74 percent.
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