Graybar Settles Lawsuit with Former CFO

Terms of the settlement with Beatty D'Alessandro were not disclosed.

Graybar has settled a lawsuit it brought against former CFO Beatty D’Alessandro alleging he retained confidential, proprietary and trade secret electronic data after he resigned as senior vice president and CFO.

According to the St. Louis Post Dispatch, the lawsuit was settled, but details of the settlement were not disclosed.

Graybar announced in December 2012 that D’Alessandro was leaving the distributor after 29 years. Shortly after, chemicals distributor Univar announced it had tapped D’Alessandro as its next CFO.

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