WINONA (dpa-AFX) - Fastenal Company (FAST) announced that, on November 3, 2014, Willard Oberton notified the Board of the company, that he intends to resign from his position as CEO, effective December 31, 2014. Oberton will continue to serve as Chairman of the Board.
The company also announced its Board, on November 6, modified the positions and duties of Leland Hein, Jr. by electing him as CEO, effective January 1, 2015, in addition to his role as President. Hein was elected by the Board as CEO 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.
Copyright RTT News/dpa-AFX