MSC Industrial Supply Co. announced a key leadership change Tuesday, as executive vice president and chief financial officer Kristen Actis-Grande will step down on August 8 to pursue a new opportunity as CFO of another publicly traded company.
Greg Clark, currently vice president of finance and corporate controller, will serve as interim CFO. Clark, a 22-year company veteran, previously held the interim CFO role in 2020 and will report directly to President and CEO Erik Gershwind during the transition.
The company said it has launched a comprehensive search to identify a permanent CFO. For MSC’s last fiscal year, Actis-Grande earned total annual compensation of $1.86 million, including a base salary of $500,385, according to the company’s latest proxy statement
“Kristen has made significant contributions over the past five years, strengthening our performance and building a high-performing finance organization,” said Gershwind. “We’re grateful for her leadership and wish her success in her new role.”
He added that Clark’s experience, coupled with the strength of MSC’s broader leadership team, including president and chief operating officer Martina McIsaac, positions the company well for continued execution.
The leadership update comes as MSC reports a solid start to its fiscal fourth quarter. The company said average daily sales in June rose 2.5% year over year, ahead of expectations. Sales growth remained positive in July, and overall performance is tracking toward the upper end of MSC’s previously issued guidance ranges.
Updated Fiscal Q4 2025 Outlook:
- Average Daily Sales Growth (YoY): (0.5) % to 1.5%
“I’m encouraged by our start to the quarter and remain confident in our long-term trajectory,” said Gershwind.
MSC Industrial, headquartered in Melville, N.Y. and Davidson, N.C., is a distributor of metalworking and MRO products and services, serving customers across manufacturing, industrial, and government sectors.
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