John G. Chironna Joins MSC Industrial Direct Co., Inc. As Vice President
Investor Relations & Treasurer
MELVILLE, N.Y., Oct. 22, 2012
MELVILLE, N.Y., Oct. 22, 2012 /PRNewswire/ --MSC INDUSTRIAL DIRECT CO., INC.
(NYSE: MSM), "MSC" or the "Company," the premier distributor of Metalworking
and Maintenance, Repair and Operations ("MRO") supplies to industrial
customers throughout the United States, today announced that John G. Chironna
has joined the Company as Vice President,Investor Relations & Treasurer. In
this role, he will manage and coordinate all communication of the Company's
financial results and serve as the primary point of contact to the banking,
analyst and investor communities. Mr. Chironna will report to Jeffrey Kaczka,
Executive Vice President and Chief Financial Officer. He succeeds Shelley
Boxer, who has retired after 19 successful years with MSC to spend more time
with his family.
Mr. Chironna brings more than 25 years of financial and accounting experience
and spent the last 15 years developing and executing global investor relations
strategies at Tyco and ABB Ltd. At ABB, Mr. Chironna guided the $40 billion
market cap company through its U.S. listing, developed an award-winning
investor relations program and significantly increased holdings by North
American investors. Mr. Chironna began his career at Arthur Anderson & Co.
where he obtained his CPA certification.
Mr. Kaczka commented, "We are thrilled to have John join the MSC team. He has
a proven track record of applying his extensive financial experience to
effectively communicating and developing relationships with new and existing
investors. MSC has a long history of delivering value for shareholders and we
are fortunate to have a professional of John's caliber leading our investor
relations and treasury efforts going forward."
About MSC Industrial Direct Co., Inc. MSC Industrial Direct Co., Inc. is one
of the largest distributors of Metalworking and Maintenance, Repair and
Operations ("MRO") supplies to industrial customers throughout the United
States. MSC employs one of the industry's largest sales forces and distributes
approximately 600,000 industrial products from approximately 3,000 suppliers.
In-stock availability is approximately 99%, with next day standard delivery to
the contiguous United States on qualifying orders up until 8 p.m. Eastern
Time. For more information, visit MSC's website at http://www.mscdirect.com.
Note Regarding Forward-Looking Statements: Statements in this Press Release
may constitute "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. All statements, other than statements of
historical fact that address activities, events or developments that we
expect, believe or anticipate will or may occur in the future, including
statements about expected future results, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those anticipated by these
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date hereof.
The inclusion of any statement in this release does not constitute an
admission by MSC or any other person that the events or circumstances
described in such statement are material. Factors that could cause actual
results to differ materially from those in forward-looking statements include:
problems with successfully integrating acquired operations, current economic,
political and social conditions, changing customer and product mixes,
financial restrictions on outstanding borrowings, industry consolidation,
competition, general economic conditions in the markets in which we operate,
volatility in commodity and energy prices, credit risk of our customers, risk
of cancellation or rescheduling of orders, work stoppages or other business
interruptions (including those due to extreme weather conditions) at
transportation centers or shipping ports, the risk of war, terrorism and
similar hostilities, dependence on our information systems and on key
personnel, and the outcome of potential government or regulatory proceedings
or future litigation relating to pending or future claims, inquiries or
audits. Additional information concerning these and other risks is described
under "Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the reports on Forms 10-K and 10-Q
that we file with the U.S. Securities and Exchange Commission. We assume no
obligation to update any of these forward-looking statements.
SOURCE MSC Industrial Direct Co., Inc.
Contact: Investor Contact: John G. Chironna, VP Investor Relations & Treasurer
of MSC Industrial Direct Co. Inc., +1-516-812-1216; or Media Contact: Rachel
Rosenblatt of FTI Consulting - Strategic Communications, +1-212-850-5600
Press spacebar to pause and continue. Press esc to stop.