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MSC Industrial Direct Co., Inc. (NYSE: MSM), No. 11 on MDM's list of top industrial distributors, announced that Erik Gershwind will become president and CEO, effective Jan. 1, 2013, as part of the company's previously announced succession plan.
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Gershwind, currently president and COO, will succeed current CEO David Sandler. Sandler will serve as executive vice chairman of the company's board of directors until at least calendar year 2017.