This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tractor Supply Company Announces Planned Management Succession

BRENTWOOD, Tenn., Sept. 27, 2012 /PRNewswire/ --  Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch store chain in the United States, today announced its planned management succession, with current President and Chief Operating Officer, Gregory A. Sandfort, assuming the role of President and Chief Executive Officer, effective January 1, 2013.  Mr. Sandfort will also be appointed to the Board of Directors at that time.  James F. Wright, the Company's current Chairman and Chief Executive Officer, will be appointed Executive Chairman of the Board with a term of one year. 


Mr. Sandfort joined Tractor Supply Company as Chief Merchandising Officer in November 2007 and has been instrumental to the Company's ability to effectively grow sales and operating margins while improving operating efficiencies and inventory productivity.  Mr. Sandfort was promoted to President and Chief Merchandising Officer in February 2009 and to President and Chief Operating Officer in February 2012.  Prior to joining Tractor Supply, he previously served as President and Chief Operating Officer at Michaels Stores, Inc. and has also held positions of increasing responsibility in merchandising and management at retailers such as Sears Roebuck and Company and Federated Department Stores.

Mr. Wright joined Tractor Supply Company as President and Chief Operating Officer in October 2000.  Over the past twelve years, Mr. Wright has been a key architect in building the Company into a leading specialty retailer. During his tenure, Mr. Wright, who assumed the role of Chief Executive Officer in 2004 and has served as Chairman of the Board and CEO since November 2007, has led the Company through more than a decade of significant growth and expansion. Mr. Wright built a strong leadership team that increased the Company's revenues from $759 million in 2000 to $4.2 billion in 2011, market capitalization from $80 million in 2000 to its current level of $6.9 billion and store base from 305 stores at the end of 2000 to more than 1,135 stores today.

Mr. Wright, stated, "It has been an honor to serve Tractor Supply Company through the successful growth of our unique retail concept. Tractor Supply is strongly positioned competitively, operationally and financially. With the talented team we have in place today, this is an ideal time to complete our planned management succession plan.  Having worked closely with Greg over the past five years, I know that we are aligned on Tractor Supply's business strategies and priorities and the Board and I have great confidence in his ability to lead our business forward.  I have been privileged to serve with an exceptional team at Tractor Supply over the past twelve years.  I have confidence in the team's ability to continue the Company's record of success and look forward to continuing to work with the leadership team in my new role as Executive Chairman."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs