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Fastenal CEO to resign


New York-- The CEO of Fastenal, Willard Oberton, will resign from the 2,700 store chain, effective Dec. 31. Oberton, 56, will remain chairman of the company and continue to be actively involved in strategic planning and performance measurements.

Oberton’s decision to step down prompted the company to elevate president Leland Hein, Jr. to the additional role of CEO and appoint him to the board. Hein, 53, originally joined the company in 1985 and during his tenure has held various sales and managerial roles, serving as a general manager, district manager, regional vice president, executive vice president-sales, and, most recently, president of the company, a position he has held since July 2012.

Fastenal sells industrial and construction supplies in a broad range of categories.
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