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|Grainger Announces Retirement Of Jim Ryan As Board Chairman|
"We thank Jim for his nearly 37 years of service with Grainger, including eight years as CEO," said Levenick. "Jim's leadership established an industry foothold in IT and eCommerce capabilities, as well as the development of an industry leading supply chain all with a commitment to helping teammates prosper. Under Jim's leadership, the company consistently delivered top quartile shareholder return and industry leading market share growth. His unsurpassed industry knowledge and passion for Grainger served the company remarkably well during his tenure as CEO and Chairman. We now welcome DG to the Chairman's seat. We are confident in his ability to lead this Board, especially during this time of great opportunity for the company."
"I am thankful to those I've worked with and had the privilege of serving during my career," said Ryan. "I look forward to seeing Grainger continue to evolve and prosper under DG's leadership. He is a talented leader who is focused on doing what's best for our customers, team members, the business and its stakeholders."
Macpherson joined Grainger in 2008 after working on behalf of Grainger for six years as a partner and managing director at
"It's a privilege to serve as Grainger's CEO, and now as Board Chairman as well," said Macpherson. "I appreciate the support and vote of confidence from Jim and the Board. I am excited about the future of Grainger. I think we are focused on the right initiatives to best serve our customers and create greater value for all of our stakeholders in the process."
Macpherson holds a bachelor's degree from
Joe Micucci, 847-535-0879, email@example.com