Fastenal CEO Announces Resignation

Willard Oberton will end his role as CEO effective December 31.

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.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.