CHICAGO, Dec. 3, 2020 /PRNewswire/ -- Grainger (NYSE:
GWW), the leading broad line supplier of maintenance, repair and
operating (MRO) products serving businesses and institutions, today
announced that Robert O'Keef, Vice
President and Treasurer, has been appointed interim CFO, effective
January 1, 2021. His appointment
follows Tom Okray's decision to step
down as Senior Vice President and Chief Financial Officer to pursue
another opportunity at a publicly traded company. To ensure a
smooth transition, Okray will continue in his current role until
December 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, Rob 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."
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."
About Grainger
W.W. Grainger, Inc., with 2019 sales of
$11.5 billion, is North America's leading broad line supplier of
maintenance, repair and operating (MRO) products, with operations
primarily in North America,
Japan and Europe.
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SOURCE W.W. Grainger, Inc.