Fastenal (FAST) announced that Daniel Florness communicated to the board of directors on December 19 his decision to step out of his role as CEO of Fastenal on July 16, 2026. On December 19, Fastenal’s board appointed Jeffery Watts, Fastenal’s current president and chief sales officer, to succeed Florness as Fastenal’s CEO effective as of July 16, 2026. Florness, who joined Fastenal in 1996 and became CEO in 2016, expects to continue to serve Fastenal as a Strategic Advisor to the new CEO until early 2028.
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