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MSC Industrial CFO Resigns, Interim Appointment Made Amid Optimism for Q4 Performance
ByAinvest
Wednesday, Jul 30, 2025 1:39 am ET1min read
MSC Industrial's CFO, Kristen Actis-Grande, has resigned effective August 8, 2025, and Greg Clark, the current Vice President of Finance and Corporate Controller, has been appointed interim CFO. The company remains optimistic about its fiscal fourth-quarter performance, with positive growth in June and July. The stock has a Hold rating with a $85.00 price target.
MSC Industrial Supply Co. (NYSE: MSM) has announced the resignation of its Chief Financial Officer, Kristen Actis-Grande, effective August 8, 2025. Actis-Grande will join a publicly traded company as its new CFO. Greg Clark, the current Vice President of Finance and Corporate Controller, has been appointed interim CFO and will report to Erik Gershwind, the company's Chief Executive Officer.The company's Executive Management Team and Board of Directors will conduct a comprehensive search to identify a permanent CFO. Gershwind expressed gratitude for Actis-Grande's contributions and confidence in the company's momentum under Clark's leadership and the strong operating team.
MSC Industrial Supply reported positive growth in June and July, with average daily sales up 2.5% year-over-year in June. July's average daily sales growth rate remains in positive territory. Based on these results, the company's fiscal fourth-quarter performance is trending towards the upper half of its guidance range for average daily sales and adjusted operating margin.
The company's stock is currently rated Hold with a price target of $85.00. MSC Industrial Supply is a leading North American distributor of metalworking and maintenance, repair and operations (MRO) products and services, with a broad range of products and services to help customers drive productivity, profitability, and growth.
References:
[1] https://www.morningstar.com/news/pr-newswire/20250728ny39088/msc-industrial-supply-co-announces-resignation-of-chief-financial-officer-and-sees-fiscal-fourth-quarter-performance-trending-towards-the-upper-half-of-guidance-range
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