Grainger gets new CEO
President since 2006, Jim Ryan will add the title of CEO of the MRO supplier to his resume this summer.
W. W. Grainger, Inc. announced this week that president James T. Ryan will add the duties and title of CEO, effective June 1. Part of the company's planned succession process, Ryan will succeed Richard L. Keyser. Keyser will remain with the company as chairman of the board.
Ryan was named chief operating officer and appointed to the board of directors in February 2007. He became president of Grainger in 2006 and has served in increasingly responsible roles in virtually every part of the company since joining it in 1980. He holds an MBA with distinction from DePaul University in Chicago.
“Jim has deep industry experience and the energy, discipline and passion for continuing Grainger's growth and profitability into the future,” Keyser said. “I am confident he will keep Grainger's values and mission in the forefront of his decision-making process, providing great service to those customers who maintain, repair and operate facilities.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey