23.02.2005 19:37:00
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Grainger's Board Slates Ten Members for 2005 - 2006
CHICAGO, Feb. 23 /PRNewswire-FirstCall/ -- At its regularly scheduled meeting, the board of directors of Grainger announced today that William K. Hall was selected as a candidate for the board to serve for the 2005 - 2006 period of time.
Hall is the co-founder and Chairman of Procyon Technologies, Inc., a Chicago-based holding company, which focuses on the acquisition and growth of suppliers to the global aerospace and defense industry. From 1994 through 1999, he was Chairman and Chief Executive Officer of Falcon Building Products, Inc. Hall holds a bachelor's degree in engineering and master's/doctoral degrees in business administration, all from the University of Michigan. He currently serves on the boards of Actuant Corporation, GenCorp Inc., Great Plains Energy Incorporated, A. M. Castle & Co., and Woodhead Industries, Inc.
The other nine members to be voted on at the annual meeting are: Brian P. Anderson Wilbur H. Gantz David W. Grainger Richard L. Keyser John W. McCarter, Jr. Neil S. Novich Gary L. Rogers James D. Slavik Harold B. Smith
Janiece S. Webb will not stand for reelection at the company's annual meeting due to health reasons. Webb has been a director for ten years. Webb said, "In my 10 years on the board, I have seen Grainger grow and prosper. I am very proud to have been affiliated with a company that has accomplished so much."
Frederick A. Krehbiel has also chosen not to stand for reelection. Krehbiel, Co-Chairman of the Board of Molex, Incorporated, has recently taken over as Molex's Chief Executive Officer. He has been on the Grainger board since 2001.
Chairman of the Board Affairs and Nominating Committee John W. McCarter, Jr., said, "It is difficult to lose two strong board members, each for different and personal reasons. We have appreciated Janiece's and Fred's counsel and judgment and will miss them. Bill Hall will bring fresh insight to the board."
W.W. Grainger, Inc. , with 2004 sales of $5 billion, is the leading broad line supplier of facilities maintenance products serving businesses and institutions throughout North America. Through its network of nearly 600 branches, 17 distribution centers and multiple Web sites, Grainger helps customers save time and money by providing them with the right products to keep their facilities running.
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