Bitcoin price today: rises above $111k amid easing trade jitters; US CPI on tap
MELVILLE, NY - MSC Industrial Supply Co. (NYSE:MSM), a $4.85 billion industrial distributor with a robust 4.05% dividend yield, announced Thursday that Martina McIsaac, the company’s current President and Chief Operating Officer, will succeed Erik Gershwind as Chief Executive Officer effective January 1, 2026. According to InvestingPro data, MSC maintains strong financial health with consistent dividend payments for 23 consecutive years.
Gershwind, who has served as CEO for 13 years, will transition to a non-executive Vice Chair role on the company’s Board of Directors, while Mitchell Jacobson will continue as non-executive Chairman. McIsaac will also join MSC’s Board of Directors upon assuming her new position. Under current leadership, the company maintains a healthy balance sheet with liquid assets exceeding short-term obligations and operates with a moderate debt level.
McIsaac joined MSC in 2022 as Executive Vice President and Chief Operating Officer before being appointed President and COO in 2024. In her current role, she oversees the company’s operations including sales, service, category management, procurement, pricing, supply chain, sustainability, and information technology.
Prior to MSC, McIsaac spent nine years at Hilti Corporation, most recently as Region Head and CEO of Hilti’s North American operations. She previously held leadership positions at Avery Dennison over a 14-year period.
"Martina has demonstrated exceptional leadership and vision, and I am confident in her ability to lead MSC into its next phase of growth," said Gershwind in the company’s statement.
Steven Paladino, Lead Independent Director, thanked Gershwind for his leadership in transforming MSC "from a spot-buy supplier into a mission critical partner on the plant floor of industrial customers."
MSC Industrial Supply distributes metalworking and maintenance, repair and operations products to industrial customers throughout North America, with approximately 2.5 million products in its catalog and over 7,000 associates.
The leadership change was announced in a press release issued by the company.
In other recent news, MSC Industrial Supply Co. announced a quarterly cash dividend increase of 2.4%, raising it to $0.87 per share, with payment scheduled for November 26, 2025. Additionally, Wolfe Research downgraded MSC Industrial’s stock rating from Outperform to Peerperform, citing concerns about the near-term outlook for U.S. short cycle demand. In another development, MSC Industrial’s Executive Vice President and CFO, Kristen Actis-Grande, will step down on August 8, 2025, to assume a CFO role at another publicly traded company. Greg Clark, the Vice President of Finance and Corporate Controller, will serve as interim CFO during the search for a permanent replacement. Meanwhile, Laser Photonics Corporation secured a multi-unit order through MSC Industrial for advanced laser systems to be used by a major aerospace manufacturer. This order includes the CleanTech Megacenter and the LaserTower Little Giant systems. Separately, Metalsource Mining announced a $4 million private placement, led by investor Eric Sprott with a $1 million commitment. These recent developments reflect ongoing strategic decisions and changes within the companies involved.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.