Fastenal Company announced that Daniel L. Florness intends to resign from Fastenal's Board of Directors on the same day he steps out of the CEO role, July 16, 2026. The Board intends to appoint Jeffery M. Watts as a director to fill the vacancy on the Board left by Mr. Florness. Mr. Florness expects to continue to serve Fastenal as a Strategic Advisor to the new Chief Executive Officer until early 2028.
This role is designed to ensure a smooth transition of duties and an effective transfer of knowledge. This transition represents the next step in an orderly succession plan that began in August 2024, when Jeff Watts stepped into the role of President of Fastenal. Since then, Jeff has demonstrated an outstanding ability to align our sales teams around the common goal of delivering industry-leading value and service to Fastenal's customers.
