Following the pending departure of Executive Vice President and Chief Financial Officer Kristen Actis-Grande, MSC Industrial Supply has promoted Greg Clark to interim CFO.

The metalworking and MRO supplies distributor said effective Aug. 8, Grande will step down from her role to assume the position of CFO at an unnamed publicly traded company. In the interim, Clark — the company’s VP of Finance and Corporate Controller — will assume CFO responsibilities and report directly to CEO Erik Gershwind.

MDM Case Study: MSC Industrial Supply (Premium access here) 

Clark, who has been with MSC since 2003, has held several key finance roles, including serving as interim CFO in 2020. MSC said that, during this transition, its executive management team and board will conduct a thorough search to appoint a permanent CFO.

“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 said in a July 28 news release.

Financials Update

MSC released its third quarter financial results on July 1, wherein the company posted total sales of $971.1 million, down 0.8% year-over-year. Meanwhile, 3Q gross margin of 41.0% was up 10 basis-points year-over-year. MSC’s July 28 release said the company expects fourth quarter 2025 operating margin between 8.5% to 9.0% and average daily sales between down 0.5% and up 1.5%.

In the Store: MDM’s U.S. MRO Market Trends Report 

Gershwind added: “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.”

MSC is ranked No. 6 on MDM’s 2025 Top Distributors List for MRO Industrial, No. 5 for Fasteners and No. 10 for Safety.