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Jul 28, 2025 4:40 PM

MSC INDUSTRIAL SUPPLY CO. ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER AND SEES FISCAL FOURTH QUARTER PERFORMANCE TRENDING TOWARDS THE UPPER HALF OF GUIDANCE RANGE

MELVILLE, N.Y. and DAVIDSON, N.C., July 28, 2025 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today announced that Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, has decided to step down from her position with MSC effective August 8, 2025 to become the Chief Financial Officer of a publicly traded company.

Greg Clark, the Company's Vice President of Finance and Corporate Controller, will assume the position of interim CFO following Actis-Grande's departure and will report to Erik Gershwind, Chief Executive Officer. Mr. Clark has held various finance positions with the Company since 2003, including the role of interim CFO in 2020. During this time, MSC's Executive Management Team and Board of Directors will be conducting a comprehensive search to identify a permanent CFO.

Mr. Gershwind said, "During her nearly five-year tenure as CFO, Kristen has contributed to our performance and built a strong team. I would like to thank Kristen for her contributions to MSC and congratulate her on this new opportunity. I am confident that a combination of Greg's leadership, a deep finance bench and a strong operating team, led by our President and Chief Operating Officer, Martina McIsaac, will ensure continued momentum throughout the company."

Gershwind continued, "I am encouraged by our start to the fiscal fourth quarter and remain confident in our long-term trajectory. Average daily sales for the fiscal month of June came in ahead of expectations and were up 2.5% year-over-year. July's average daily sales growth rate remains in positive territory. As of now, based upon June and July results quarter to date, our fiscal fourth quarter performance is trending towards the upper half of our average daily sales and adjusted operating margin ranges that we provided in our July 1, 2025 earnings release."

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