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The interim CFO appointment comes as MSC sees positive signs from its ecommerce and digital sales channels. The company reported that average daily sales in June rose 2.5% year over year, outpacing internal projections.

MSC Industrial Supply Co. announced an executive leadership shakeup July 29, naming a new interim chief financial officer as digital sales help produce stronger than expected performance in the early part of its fiscal fourth quarter.

Kristen Actis-Grande, executive vice president and CFO, will step down Aug. 8 to become CFO at another publicly traded company. She will be succeeded on an interim basis by Greg Clark, a 22-year MSC veteran and current vice president of finance and corporate controller. Clark previously served as interim CFO in 2020 and will report directly to president and CEO Erik Gershwind.

The company said it has launched a national search for a permanent successor.

About the new interim CFO at MSC

“Kristen has contributed to our performance and built a strong team,” Gershwind said. “I’m confident Greg’s leadership, combined with a deep finance bench and a strong operating team led by President and COO Martina McIsaac, will ensure continued momentum.”

The interim CFO appointment comes as MSC sees positive signs from its ecommerce and digital sales channels. The company reported that average daily sales in June rose 2.5% year over year, outpacing internal projections. Sales growth remained positive in July, keeping MSC on track to hit the upper end of its Q4 guidance.

“We’re encouraged by our start to the quarter and remain confident in our long-term trajectory,” Gershwind said.

MSC reaffirmed its previously issued Q4 outlook:

  • Average daily sales growth (year over year): –0.5% to 1.5%
  • Adjusted operating margin range: 8.5% to 9.0%

Headquartered in Melville, N.Y., and Davidson, N.C., MSC is a major distributor of metalworking and MRO (maintenance, repair and operations) products, serving customers across manufacturing, industrial, and government sectors. Over the past several years, it has leaned heavily into digital transformation, with ecommerce now accounting for more than half of total revenue.

Clark’s appointment is expected to maintain continuity in that digital-first strategy while the company searches for its next finance chief.

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