On November 3, 2014, Willard D. Oberton notified the Board of Directors (the “Board”) of Fastenal Company (Nasdaq:FAST) (the “Company”) that he intends to resign from his position as Chief Executive Officer of the Company effective as of December 31, 2014. In connection with this action, on November 6, 2014, the Board modified the positions and duties of Leland J. Hein, Jr. by electing him as Chief Executive Officer of the Company effective as of January 1, 2015, in addition to his role as President of the Company. Mr. Hein was elected by the Board as Chief Executive Officer for a term expiring concurrently with the current term of the other executive officers of the Company (or until his successor is duly elected and qualified).(…)
via Fastener World Inc. (Fastener Magazine) – Overseas Sales Net.