MSC CFO steps down
MSC Industrial Supply Co. announced Executive Vice President and Chief Financial Officer Kristen Actis-Grande has decided to step down from her position with MSC effective August 8 to become the CFO of a publicly traded company.
Greg Clark, the company's vice president of finance and corporate controller, will act as interim CFO following Actis-Grande's departure and will report to CEO Erik Gershwind. Clark has held various finance positions with MSC since 2003, including the role of interim CFO in 2020. During that time, MSC's executive management team and board of directors will conduct a comprehensive search to identify a permanent CFO.
"During her nearly five-year tenure as CFO, Kristen has contributed to our performance and built a strong team, said Gershwind. "I would like to thank Kristen for her contributions to MSC and congratulate her on this new opportunity. I am confident that a combination of Greg's leadership, a deep finance bench, and a strong operating team, led by our president and chief operating officer, Martina McIsaac, will ensure continued momentum throughout the company."
"I am encouraged by our start to the fiscal fourth quarter and remain confident in our long-term trajectory," he added. "Average daily sales for the fiscal month of June came in ahead of expectations and were up 2.5% year-over-year. July's average daily sales growth rate remains in positive territory. As of now, based upon June and July results quarter to date, our fiscal fourth quarter performance is trending towards the upper half of our average daily sales and adjusted operating margin ranges that we provided in our July 1, 2025 earnings release."
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
