Posted December 3, 2020

Grainger names interim CFO

Grainger announced that Robert O'Keef, vice president and treasurer, has been appointed interim CFO, effective Jan. 1, 2021.

Robert O'Keef Thomas Okray
Robert O'Keef Thomas Okray

His appointment follows Tom Okray's decision to step down as senior vice president and chief financial officer to become executive vice president and chief financial officer for Eaton effective April 1, 2021.

Okray will continue in his current role until Dec. 31, 2020.

O'Keef has been with Grainger since 2018 and brings nearly 30 years of financial and executive experience to his new role. As vice president and treasurer, he leads the company's Treasury, Financial Planning and Analysis (FP&A), Risk Management & Insurance, Corporate Development and Real Estate functions. Prior to Grainger, O'Keef served in senior finance roles at several other public companies, where his responsibilities included capital markets, treasury and FP&A.

"We are pleased that Rob has agreed to serve as CFO on an interim basis," said DG Macpherson, chairman and chief executive officer of Grainger. "Rob is a seasoned executive with a deep knowledge of Grainger's business and strong financial acumen. He led the efforts to reposition and optimize Grainger's capital structure and ensured the company could maintain strong liquidity throughout the pandemic. I look forward to continuing to collaborate with Rob and the world-class finance team we have at Grainger, and I'm confident this will be a smooth transition as we work to name a successor as soon as possible."

Okray joined Grainger in April 2018 after serving as CFO for Advanced Auto Parts. Prior to that role, he held positions at Amazon, culminating in the role of vice president of Finance, Global Customer Fulfillment.

Macpherson continued, "I congratulate Tom on this new opportunity and thank him for his numerous contributions to the company. We appreciate his support in ensuring a smooth transition and wish him all the best in his new role."