Fastenal Company Announces CEO Transition

Daniel L. Florness will step down as CEO of Fastenal Company on July 16, 2026, after 10 years in the role and 30 years of service. He will transition to a Strategic Advisor role until early 2028 to ensure a smooth handover. Jeffery M. Watts, currently President and Chief Sales Officer, has been appointed as the new CEO, effective July 16, 2026. The Board intends to appoint Mr. Watts as a director to replace Mr. Florness. Both Mr. Florness and Mr. Watts expressed confidence in the transition and Fastenal's future. The company, a leading provider of industrial supplies, highlighted its focus on customer-centered supply chain solutions and inventory management technology.