Willard D. Oberton will resign from his position as CEO of The Fastenal Company (Nasdaq: FAST), Winona, MN, effective Dec. 31, 2014.
Fastenal's board of directors named Leland J. Hein Jr. as Oberton's successor, effective Jan. 1, 2015. Hein will also continue in his role as president.
Hein joined Fastenal in 1985 and has held various sales and managerial roles. He has been president since July 2012.
Oberton will continue to serve as chairman of the board and will continue to be actively involved in strategic planning and performance measurements.