MELVILLE, N.Y., Oct. 22, 2012 /PRNewswire/ -- MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM), "MSC" or the "Company," the premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States, today announced that John G. Chironna has joined the Company as Vice President, Investor Relations & Treasurer. In this role, he will manage and coordinate all communication of the Company's financial results and serve as the primary point of contact to the banking, analyst and investor communities. Mr. Chironna will report to Jeffrey Kaczka, Executive Vice President and Chief Financial Officer. He succeeds Shelley Boxer, who has retired after 19 successful years with MSC to spend more time with his family.
Mr. Chironna brings more than 25 years of financial and accounting experience and spent the last 15 years developing and executing global investor relations strategies at Tyco and ABB Ltd. At ABB, Mr. Chironna guided the $40 billion market cap company through its U.S. listing, developed an award-winning investor relations program and significantly increased holdings by North American investors. Mr. Chironna began his career at Arthur Anderson & Co. where he obtained his CPA certification.
Mr. Kaczka commented, "We are thrilled to have John join the MSC team. He has a proven track record of applying his extensive financial experience to effectively communicating and developing relationships with new and existing investors. MSC has a long history of delivering value for shareholders and we are fortunate to have a professional of John's caliber leading our investor relations and treasury efforts going forward."
About MSC Industrial Direct Co., Inc. MSC Industrial Direct Co., Inc. is one of the largest distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States. MSC employs one of the industry's largest sales forces and distributes approximately 600,000 industrial products from approximately 3,000 suppliers. In-stock availability is approximately 99%, with next day standard delivery to the contiguous United States on qualifying orders up until 8 p.m. Eastern Time. For more information, visit MSC's website at http://www.mscdirect.com.Note Regarding Forward-Looking Statements: Statements in this Press Release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including statements about expected future results, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. Factors that could cause actual results to differ materially from those in forward-looking statements include: problems with successfully integrating acquired operations, current economic, political and social conditions, changing customer and product mixes, financial restrictions on outstanding borrowings, industry consolidation, competition, general economic conditions in the markets in which we operate, volatility in commodity and energy prices, credit risk of our customers, risk of cancellation or rescheduling of orders, work stoppages or other business interruptions (including those due to extreme weather conditions) at transportation centers or shipping ports, the risk of war, terrorism and similar hostilities, dependence on our information systems and on key personnel, and the outcome of potential government or regulatory proceedings or future litigation relating to pending or future claims, inquiries or audits. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the reports on Forms 10-K and 10-Q that we file with the U.S. Securities and Exchange Commission. We assume no obligation to update any of these forward-looking statements. SOURCE MSC Industrial Direct Co., Inc.
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