Oberton Back as CEO at Fastenal - Modern Distribution Management

Log In

Search
Top Distributor Sectors

Oberton Back as CEO at Fastenal

Hein steps down as CEO and returns to COO; Oberton retakes reins of company.
Author
Date

Lee Hein will step down as CEO of The Fastenal Company (NASDAQ: FAST), and return to his previous position of COO, and former CEO Will Oberton will reassume the Winona, MN, company's top post, effective July 20, according to a form the company filed with SEC.

Oberton will continue to serve as chairman of the board of the company and Hein will continue to be a director. Hein will take over operations and sales, while Oberton will oversee financial, information technology and human resources.

Oberton stepped down as CEO in December when Hein took over. His tenure – and the company's new year – began with significant tailwinds following a stellar 2014, and Fastenal's most recent earnings report showed sales improve 5 percent and profit jump 7.5 percent.

Share this article

About the Author
MDM Staff

MDM Staff

Recommended Reading
Leave a Reply

Leave a Comment

Log In

Read the latest articles and see your reports.

Log In

Popular Now

MDM Directories

Sign Up for the MDM Update Newsletter

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

Sign Up

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

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

Log in

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 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
Subscribe

Log in

1

article
left

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 mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts
Subscribe

Log in

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.

Subscribe

Log in

Back to MDM.com

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.