These excerpts taken from the GWW 8-K filed Feb 21, 2007.
CHICAGO, February 21, 2007 Graingers (NYSE: GWW) board of directors today appointed James T. Ryan to the board of directors. He will stand for election as a director at the company's annual meeting on April 25, 2007.
Chairman and Chief Executive Officer Richard L. Keyser said, Jims addition to the board is part of the companys succession plans. We are delighted to have him participate in the decisions we need to make as we aggressively grow the business.
David W. Grainger has decided not to stand for reelection at the company's annual meeting.
Keyser said, David has been a mainstay of the company and board of directors, and for the past 54 years he has helped transform Grainger into the leading industrial distributor of facilities maintenance products in North America. While he is stepping down from the board, as senior chairman he will continue to provide us his counsel. John W. McCarter, Jr., Chairman of the Board Affairs and Nominating Committee, said, "It is difficult to lose a strong board member. We are glad that David is staying on with the company in a senior advisory role."
Page 2 of 2 Grainger board slates thirteen nominees for 2007-2008
The other twelve nominees to be voted on at the annual meeting are all current members of Graingers board. They are:
Ryan, 48, is a twenty-six year veteran of Grainger with responsibility for all operations, domestic and international. He joined the company in 1980 in the company's product management area. He has held many executive positions in the company including president of the parts business, chief information officer, president of the company's Internet business, and group president for the U.S. branch-based business. He has a Bachelor of Science degree in business from Miami University of Ohio and an MBA with distinction from DePaul University in Chicago.
W.W. Grainger, Inc. (NYSE: GWW), with 2006 sales of $5.9 billion, is a leading broad line supplier of facilities maintenance products serving businesses and institutions in Canada, China, Mexico and the United States. Through a highly integrated network including nearly 600 branches, 18 distribution centers and multiple Web sites, Graingers employees help customers get the job done, saving them time and money by having the right products available to keep their facilities running smoothly.
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