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Jason McGuire will take the helm Oct. 1, succeeding Tom McGuire, who will transition to a consulting role with parent company Houchens Industries after 34 years at the distributor.
The beverage alcohol distributor accepted responsibility for improper payments to retail employees and agreed to strengthen compliance.
Consumer prices rose 0.4% in August as gasoline costs rebounded. Annual inflation held at 3.4%, matching expectations, while the monthly core reading came in slightly hotter than forecast. Get our breakdown of the figures and analysis.
The announcement comes only a year after Crescent appointed President and CEO Penny Cotner as its top leader.
The acquisition extends Descartes' warehouse and inventory management capabilities while deepening its reach into the 3PL and eCommerce fulfillment market.
Through the partnership, the Chicagoland-based MRO distributor will have prominent placement across all Chicago Bears multimedia platforms.
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The PPI rose 0.4% in August, matching market expectations, as surging diesel prices drove a sharp rebound in goods costs. Get our breakdown and updated PPI charting here.
Keith Rozolis will retire at year-end after leading ABC Supply since 2014. Get the details on who will take the leadership reins at the market-leading building materials distributor.
The company said the split is still on track for completing during 1Q27, preceded by separate investor days for both GPC and Motion in early December.
