CEO David Pugh: No 'silver bullet' will bring economy back
February 10, 2010
MDM Editor Lindsay Konzak sat down with David Pugh, CEO of $1.9 billion Cleveland, OH-based industrial distributor
Applied Industrial Technologies, at the annual National Association of Wholesaler-Distributors meeting January in Washington,
D.C. Applied recently reported sales for the second quarter ended Dec. 31, 2009, were down 11 percent to $446.3 million from
the same period last year.
In Part 1 of this interview, Pugh discusses how Applied is responding
to current economic and market conditions. Part 2 of this interview will appear in the Feb. 25, 2010, issue of MDM.