People: Fastenal Co (FAST.O)


FAST.O on Nasdaq

46.32USD
19 Jun 2013
Price Change (% chg)

$-0.58 (-1.24%)
Prev Close
$46.90
Open
$46.88
Day's High
$47.46
Day's Low
$46.32
Volume
1,616,166
Avg. Vol
1,654,268
52-wk High
$53.38
52-wk Low
$37.61

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Summary

Name Age Since Current Position

Robert Kierlin

 73 2002 Independent Chairman of the Board

LeLand Hein

 52 2012 President

Willard Oberton

 54 2012 Chief Executive Officer, Director

Daniel Florness

 49 2002 Chief Financial Officer, Executive Vice President

Kenneth Nance

 48 2012 Executive Vice President - Sales

Gary Polipnick

 49 2012 Executive Vice President - Sales

Reyne Wisecup

 50 2007 Executive Vice President - Human Resources, Director

Michael Camp

 44 2011 Executive Vice President - Product and Procurement

James Jansen

 42 2010 Executive Vice President - Operations

Nicholas Lundquist

 55 2012 Executive Vice President - Operations

Ashok Singh

 50 2011 Executive Vice President - Information Technology

Steven Rucinski

 55 2007 Executive Vice President - Sales

Michael Ancius

 48 2009 Independent Director

Michael Dolan

 64 2000 Independent Director

Michael Gostomski

 72 1973 Independent Director

Rita Heise

 56 2012 Independent Director

Darren Jackson

 48 2012 Independent Director

Hugh Miller

 69 2007 Independent Director

Scott Satterlee

 44 2009 Independent Director

Stephen Slaggie

 73 2003 Independent Director
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Biographies

Name Description

Robert Kierlin

 Mr. Robert A. Kierlin is Independent Chairman of the Board of Fastenal Company. Mr. Kierlin served as the company's chief executive officer from 1968 through 2002, and its president from 1968 through July 2001. In addition, he served as a Minnesota State Senator from April 1999 through 2006, and has been and continues to serve as a board member of multiple businesses and a member and leader of numerous community and educational boards and organizations. Mr. Kierlin has been a director of Fastenal since 1968.

LeLand Hein

 Mr. Leland J. Hein, Jr., is President of Fastenal Company. From November 2007 to July 2012, Mr. Hein was one of the executive vice presidents – sales. Mr. Hein’s responsibilities as an executive vice president – sales included sales and operational oversight over a substantial portion of the business. Prior to November 2007, Mr. Hein served in various sales leadership roles, most recently as leader of the Winona and Kansas City based regions.

Willard Oberton

 Mr. Willard D. Oberton is Chief Executive Officer, Director of Fastenal Company. He has been the company's chief executive officer since December 2002. He also served as the company's president from July 2001 through July 2012 when he relinquished that position. He began his business career with Fastenal in January 1980, and was promoted to branch manager, then district manager, and later to general operations manager. He served as the company's vice-president from March 1997 through June 2000, as the company's executive vice-president from June 2000 through July 2001, and as the company's chief operating officer from March 1997 through December 2002. Mr. Oberton's professional career has grown from within Fastenal as he has worked, managed, and provided leadership to most of the departments and disciplines integral to the company's growth and financial success. This varied experience with the company gives him unique insights into the company's 'success drivers' and in developing the execution of the company's strategy. He truly epitomizes Fastenal's philosophy of 'promotion from within whenever possible'. In addition, Mr. Oberton serves on the board of directors of publicly-held Donaldson Company, which gives him useful insight into another organization's corporate governance, compensation planning, and strategic development. Also, he serves on the board of WinCraft Inc., a privately-held company involved in manufacturing and distributing promotional marketing merchandise, which are important disciplines helpful to managing Fastenal. Additionally, he has served on the boards of other community and educational organizations, including the board of trustees of St. Benedict's College, St. Joseph, Minnesota.

Daniel Florness

 Mr. Daniel L. Florness is Chief Financial Officer, Executive Vice President of Fastenal Company. From June 1996 to November 2002, Mr. Florness was chief financial officer.

Kenneth Nance

 Mr. Kenneth R. Nance is Executive Vice President - Sales of Fastenal Company. Mr. Nance's responsibilities include sales and operational oversight of the eastern United States and Mexican businesses. Prior to July 2012, Mr. Nance served in various sales leadership roles, most recently as leader of the Texas based region.

Gary Polipnick

 Mr. Gary A. Polipnick is Executive Vice President - Sales of Fastenal Company. Mr. Polipnick's responsibilities include sales and operational oversight of the western United States business. Prior to July 2012, Mr. Polipnick served in various sales leadership roles, most recently as leader of Winona based region.

Reyne Wisecup

 Ms. Reyne K. Wisecup is Executive Vice President - Human Resources and Director of Fastenal Company. She began her career at Fastenal in 1988, and served in various operational and administrative areas until being named human resources director in April 1997. In April 2002, she was promoted to vice-president of employee development, a position she held until November 2007, when she was made executive vice president - human resources. In her capacity as executive vice president - human resources, Ms. Wisecup has management responsibilities for the company's human resources department which includes human relations, payroll and benefits, equal opportunity and affirmative action, insurance, legal, and the Fastenal School of Business. Her career path also epitomizes the 'promote from within' philosophy which is a cornerstone of Fastenal's culture. Ms. Wisecup has been a director of Fastenal since 2000.

Michael Camp

 Mr. Michael Scott Camp is Executive Vice President - Product and Procurement of Fastenal Company. Mr. Camp’s responsibilities include product development, global sourcing, and procurement. From January 2008 through April 2008, Mr. Camp was vice president – purchasing and supply chain and from May 2008 to December 2010, Mr. Camp was vice president – product development and procurement. From January 2003 through December 2007, Mr. Camp served as the president of FASTCO subsidiary, was based in Shanghai, China and was responsible for sourcing, supplier development, and procurement functions within the Asia-Pacific region. From March 1996 to January 2003, Mr. Camp was the leader of corporate purchasing departments.

James Jansen

 Mr. James C. Jansen is Executive Vice President - Operations of Fastenal Company. Since July 2012, Mr Jansen's responsibilities include oversight of manufacturing and specialty sales areas. Specialty sales include government sales and industrial vending. Prior to July 2012, Mr. Jansen's responsibilities also included distribution development. From November 2007 to December 2010, Mr. Jansen was executive vice president – internal operations. From May 2005 to November 2007, Mr. Jansen served as leader of systems development (this role encompassed both information systems and distribution systems development). From April 2000 to April 2005, Mr. Jansen served in the sales leadership role of the Texas based region.

Nicholas Lundquist

 Mr. Nicholas J. Lundquist is Executive Vice President - Operations of Fastenal Company. Mr. Lundquist's responsibilities include distribution development. From November 2007 to July 2012, Mr. Lundquist was one of the executive vice presidents – sales. Mr. Lundquist’s responsibilities as an executive vice president – sales included sales and operational oversight over a substantial portion of the business. From December 2002 to November 2007, Mr. Lundquist was executive vice president and chief operating officer.

Ashok Singh

 Mr. Ashok Singh is Executive Vice President - Information Technology of Fastenal Company. Mr. Singh joined Fastenal in 2001 and, prior to January 2011, served in various roles of increasing responsibility in the administration and application development areas within the Company's information technology group.

Steven Rucinski

 Mr. Steven A. Rucinski is Executive Vice President - Sales of Fastenal Company. Mr. Rucinski’s responsibilities include sales and operational oversight over the Company's international business. Prior to November 2007, Mr. Rucinski served in various sales leadership roles, most recently as leader of national accounts.

Michael Ancius

 Mr. Michael J. Ancius is Independent Director of Fastenal Company. He serves as the director of strategic planning, financing, and taxation of Kwik Trip, Inc., a position he has held since 1997. Kwik Trip is a privately-held multi-location retail convenience store chain and food processing and logistics company headquartered in LaCrosse, Wisconsin, with $4.5 billion in annual revenues and over 10,000 employees at 430 locations. Prior to 1997, Mr. Ancius was a senior manager with the certified public accounting firm of RSM McGladrey for nine years, where he specialized in taxation. His background in strategic planning, board operations, capital markets, capital structures and valuations, insurance risk management, taxation, and financial and accounting matters contributes a unique set of skills to the board. Additionally, his involvement with Kwik Trip's strategic planning and in the development of compensation strategies for some 10,000 employees brings beneficial insight to the company's compensation committee. Mr. Ancius has been a director of Fastenal since 2009 and is a member of the company's compensation and nominating committees.

Michael Dolan

 Mr. Michael J. Dolan is Independent Director of Fastenal Company. He served as chief operating officer of The Smead Manufacturing Company from October 1995 through February 2001, participating in the management and leadership of that privately-owned manufacturer of office filing products with sales of approximately $500 million at that time. Smead manufactured its products in multi-plant locations in North America and Europe and sold and distributed its products in all fifty states and internationally. Prior to 1995, Mr. Dolan was a partner in the international audit and accounting firm of KPMG LLP, which assisted in taking Fastenal public in 1987. He was associated with KPMG LLP for a total of twenty-five years during which time he specialized in advising distribution, transportation, and manufacturing companies, several of which were publicly-held. Since March 2001, Mr. Dolan has worked as a business consultant. His operations background in manufacturing, multi-location distribution, transportation, and marketing serves the board and company in these areas integral to Fastenal's business, and provides experience in evaluating business risk as well as opportunity. His financial background and experience in accounting and reporting matters and in advising publicly-held companies provides the experience needed to chair the company's audit, compensation, and nominating committees. He has also served on other community and educational boards, including the board of trustees of St. Mary's University, Winona, Minnesota.

Michael Gostomski

 Mr. Michael M. Gostomski is Independent Director of Fastenal Company. He has never been employed by, nor has he held any type of operating role with, Fastenal. His primary background is in the heating, air-conditioning, and ventilation business with professional skills developed through years of service in all aspects of that business. Since 1993, he has been president and chief executive officer of Winona Heating and Ventilating, Inc., a Winona, Minnesota-based company in the heating, ventilating, air-conditioning, and roofing business with a primary focus on commercial customers and industrial applications. Currently, he serves on the board of Multi-Stack, LLC, a originator and innovator in the design, manufacture, distribution, and installation of modular water chilling equipment utilizing environmentally conducive refrigerants to improve the manufacturing processes of manufacturers of commercial and consumer products. His first-hand knowledge of the use of industrial products in the construction, HVAC, and manufacturing businesses, and how to sell into these markets, provides useful insights to the marketing and distribution of industrial products by Fastenal. He currently serves as chair of the board of St. Mary's University, Winona, Minnesota, and has been a member of its board of trustees for many years.

Rita Heise

 Ms. Rita J. Heise has been appointed as Independent Director of Fastenal Company effective July 11, 2012. Ms. Heise served as a corporate vice president and chief information officer of Cargill, Incorporated, an international producer and marketer of food, agricultural, financial and industrial products and services and one of the privately-owned companies in the world, from 2002 through her retirement on December 31, 2011. In her capacity as the chief information officer, she was responsible for Cargill's information technology worldwide. While at Cargill, she also served as a platform leader providing executive leadership for the Ag Horizon, Animal Nutrition, and Salt/De-Icing businesses and was a member of the business transformation/process improvement leadership teams. Prior to joining Cargill, Ms. Heise was the chief information officer for the aerospace business of Honeywell International Inc. and for Honeywell's Europe, Middle East, and Africa operations. During her 25 years at Honeywell, she worked on business integrations, process improvement teams, and mergers and acquisitions; led various IT assignments; and held various positions in supply chain, operations, customer service, and distribution. Ms. Heise has participated in IT industry committees and currently serves on the board of Blue Cross Blue Shield of Minnesota. Since January 2012, Ms. Heise has worked as a business consultant. She previously served on the board of Adventium Labs, a systems engineering and cyber-security company. Ms. Heise has been a director of Fastenal since July 2012.

Darren Jackson

 Mr. Darren R. Jackson has been appointed as Independent Director of Fastenal Company effective July 11, 2012. Mr. Jackson has served as the president and chief executive officer of Advance Auto Parts, Inc., an auto parts sourcing and distribution company with $6.2 billion in annual revenues and over 3,700 locations, since January 2008, and has been a member of their board of directors since July 2004. From 2000 through 2007, he was employed at Best Buy Co., Inc., a specialty retailer of consumer electronics, and was appointed its executive vice president-finance and chief financial officer in February 2001. Prior to 2000, he served as vice president and chief financial officer of Nordstrom, Inc., and also held various senior positions including chief financial officer of Carson Pirie Scott & Company. Mr. Jackson has also been serving on the Marquette University board of trustees since 2004. Mr. Jackson has been a director of Fastenal since July 2012.

Hugh Miller

 Mr. Hugh L. Miller is Independent Director of Fastenal Company. He has been president and chief executive officer of RTP Company, a privately owned custom compounder of thermoplastic materials headquartered in Winona, Minnesota, since 1982. Mr. Miller has been a director of Fastenal since 2007 and is a member of the company's audit and nominating committees.

Scott Satterlee

 Mr. Scott A. Satterlee is Independent Director of Fastenal Company. He has served as senior vice-president of transportation of C.H. Robinson Worldwide Inc., one of the third party logistics companies, since December 2007, and was a vice president of transportation of that company from early 2002 through December 2007. C.H. Robinson, with annual revenues of over $11 billion, is a publicly-held global provider of transportation and logistics services headquartered in Eden Prairie, Minnesota. It serves customers through a network of offices in North America, South America, Europe, Asia, Australia, and the Middle East. C.H. Robinson utilizes a pay-for-performance incentive compensation model to motivate its employees, a philosophy consistent with Fastenal's compensation programs. Since becoming an executive officer of C.H. Robinson, Mr. Satterlee has been responsible for a portion of its existing global operations with duties that include oversight of a decentralized network of offices, each with local and global account relationships. Additionally, Mr. Satterlee has responsibility at C.H. Robinson for expanding operations into portions of South America, Europe, and Asia. Mr. Satterlee has been a director of Fastenal since 2009 and is a member of the company's audit committee.

Stephen Slaggie

 Mr. Stephen M. Slaggie is Independent Director of Fastenal Company. He was in the banking and insurance businesses, most notably with the insurance and real estate firm of Gate City Agency where he was a principal and owner, from 1966 through 1987, when he joined Fastenal as a full time employee. He served as the company's treasurer from 1970 through June 1996, and as the company's corporate secretary from 1970 through June 2003, when he retired as an employee. While actively involved with the company, he managed multiple functions including insurance risk management, leasing, real estate, human resources, and investor relations. In addition, Mr. Slaggie has served as a member and leader of many community and educational boards and organizations, including the board of regents of St. John's University, Collegeville, Minnesota.

Insider Trading

Name Shares Traded Price

HEISE RITA J

 669 $48.37

HEISE RITA J

 108 $48.37

HEISE RITA J

 100 $48.36

HEISE RITA J

 123 $48.37

ANCIUS MICHAEL J

 400 $47.37

ANCIUS MICHAEL J

 360 $48.30

ANCIUS MICHAEL J

 68 $48.27

LUNDQUIST NICHOLAS J

 8,000 $22.50

JACKSON DARREN R

 10,000 $52.87

SATTERLEE SCOTT A

 2,000 $50.91

CAMP MICHAEL SCOTT

 25,000 $48.40

CAMP MICHAEL SCOTT

 25,000 $22.50

SLAGGIE STEPHEN M

 175,000 $0.00

OBERTON WILLARD D

 7,500 $0.00

OBERTON WILLARD D

 112,500 $0.00

SLAGGIE STEPHEN M

 94,140 $0.00

SLAGGIE STEPHEN M

 100,000 $43.04

JANSEN JAMES C

 40,000 $43.03

JANSEN JAMES C

 40,000 $22.50

RUCINSKI STEVEN A

 12,500 $22.50

RUCINSKI STEVEN A

 3,500 $43.08

RUCINSKI STEVEN A

 9,011 $40.30

KIERLIN ROBERT A

 107,500 $0.00

KIERLIN ROBERT A

 100,000 $41.71

FLORNESS DANIEL L

 2,645 $41.50
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