Fastenal Company Announces Resignation of Terry M. Owen as Chief Operations Officer, Effective October 31, 2023
October 12, 2023 at 09:18 am EDT
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Fastenal Company announced on October 9, 2023, Terry M. Owen resigned as the Chief Operations Officer of the company, effective October 31, 2023. Mr. Owen has been with the Company since June 1999.
Fastenal Company is one of the North American leaders in industrial and construction material distribution. Net sales break down by family of products as follows:
- fastening products (32.4%): screws, nuts, bolts, joints, etc.;
- protection equipment (21.2%);
- storage and handling equipment (14%);
- industrial assembly and disassembly tools (8.5%);
- pneumatic and hydraulic tools (6.7%);
- cutting equipment (5.3%);
- electrical materials (4.6%);
- welding equipment (4.1%);
- other (3.2%).
At the end of 2023, the group had 3,419 outlets located primarily in the United States/Puerto Rico/Dominican Republic (2,783), Canada (283), Mexico (197), and Europe (89).
Net sales are distributed geographically as follows: the United States (83.6%), Canada and Mexico (13.4%) and other (3%).