As part of its multi-year business transformation, electrical and industrial supplies distributor Graybar has hired an AI strategy lead, and extended its credit facility.

Graybar named Edward Fenton as Vice President of AI and Digital Transformation. Fenton most recently served as Vice President of Customer and Field Platforms for water, hygiene and infection prevention solution provider Ecolab. Prior to that, he worked on strategic digital solutions and customer engagement technology for global chemical distributor Univar.

“As Graybar moves forward with our multi-year business transformation, we are investing in artificial intelligence and leading-edge technologies that will shape the way we work and serve our customers,” Graybar SVP of Strategy and Business Development Bill Mansfield said in a July 1 news release. “Ed has an impressive background in distribution, IT and customer experience that positions him well to lead Graybar’s AI strategy. He will also support the next stages of Graybar Connect and other key initiatives to elevate the customer experience and accelerate our long-term growth.”

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Graybar Extends Revolving Credit Facility

On June 30, Graybar announced it has extended the company’s five-year, $750 million revolving credit facility.

The new facility matures in June 2030 and will support Graybar’s general working capital needs as well as its growth initiatives.

“This financing agreement provides Graybar with additional flexibility to pursue our ongoing business transformation and long-term growth strategies,” said David Meyer, Senior Vice President and Chief Financial Officer. “As we celebrate a century of success, we are investing in new capabilities, capitalizing on growth opportunities, and leveraging our employee ownership culture to build a bright future for our company and those we serve.”