Fastenal CEO Daniel Florness to resign
ReutersDec 22, 2025 1:39 PM
Industrial supplies distributor Fastenal FAST.O says CEO Daniel Florness will step down on July 16, 2026
Insider Jeffery Watts will be the new CEO
Florness to remain as a strategic adviser to the new CEO until early 2028
Co says Florness will resign from Fastenal's board when he steps down as CEO, and Watts will join the board to fill the vacancy
Watts currently serves as co's president and chief sales officer
Shares down 0.4% at $42 premarket
YTD, shares up 17.8%
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