Lawson Products, Inc. (NASDAQ:LAWS) (“Lawson” or the “Company”), a distributor of products and services to the MRO marketplace, today announced that Thomas J. Neri has retired as President and Chief Executive Officer and that the Board of Directors has appointed Michael G. DeCata to those positions.
Mr. Neri joined the Company in 2003 and has been its President and CEO since 2007. He earlier served as Chief Financial Officer and Treasurer and later as Chief Operating Officer.
Since 2009, Mr. DeCata has worked in private equity, conducting acquisition analysis and due diligence, and has served since June 2008 on the Board of Directors of Crescent Electric Supply, one of the largest electrical distributors in the U.S. From 2006 to 2009, he was President of the Chefs’ Warehouse, a $300 million specialty food distributor.
Prior to his position at the Chefs’ Warehouse, Mr. DeCata led the Contractor Supplies Division of United Rentals Inc., a $4 billion construction equipment rental company. Mr. DeCata also led Fleet Operations at United Rentals.From 1997 until 2002 he led the eastern region of W.W. Grainer, Inc. which had annual sales of more than $1.4 billion, 152 branch locations and 2,000 employees. Mr. DeCata began his career at General Electric Co. and worked in a variety of cross-functional and cross-business positions, including industrial sales, from 1979 until 1997. “Tom Neri has provided Lawson Products with strategic and insightful leadership in changing -- and often challenging -- economic and industry conditions,” stated Ronald B. Port, Chairman of the Board. “The Board extends to him a heartfelt thank you for that leadership and we wish him continued success.” Noting that Mr. DeCata is a senior executive with a demonstrated record of success, Mr. Port added: “We are delighted to welcome Mike DeCata to Lawson and look forward to the leadership he will bring to our company. His experience in MRO distribution is the perfect match for Lawson.”
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