8-KLeadership Changes

W.W. GRAINGER, INC. 8-K Report, Executive Changes (Nov 3, 2006)

Filed November 3, 2006For Securities:GWW

Summary

This 8-K filing from W.W. Grainger, Inc. (GWW) on November 3, 2006, announces a significant internal reshuffling of senior finance executives. The primary change involves Judith E. Andringa departing her role as Vice President and Controller, and thus as the principal accounting officer, to assume the position of Vice President, Finance GIS, leading the company's U.S. branch-based business. Concurrently, Ronald L. Jadin is moving from his role as Vice President, Finance GIS, to become the new Vice President and Controller, and will now serve as the company's principal accounting officer. These changes are effective November 3, 2006. While not indicating any negative performance issues, investors should note these key leadership transitions within the finance department.

Key Highlights

  • 1Judith E. Andringa has transitioned from Vice President and Controller to Vice President, Finance GIS.
  • 2Ronald L. Jadin has been appointed as the new Vice President and Controller.
  • 3Judith E. Andringa is no longer the principal accounting officer; Ronald L. Jadin now holds this role.
  • 4The changes are effective as of November 3, 2006.
  • 5Ms. Andringa's prior role was key accounting officer for the company.
  • 6Mr. Jadin previously led the company's U.S. branch-based business (GIS) financial operations.
  • 7These are internal role changes among existing senior finance executives.

Frequently Asked Questions

The filing indicates that these are internal role exchanges among senior finance executives. Judith E. Andringa has moved to oversee finance for the U.S. branch-based business (GIS), and Ronald L. Jadin has been promoted to Vice President and Controller.

Ronald L. Jadin has been elected as the new Vice President and Controller and will serve as the company's principal accounting officer, effective November 3, 2006.

The filing does not suggest any negative implications for financial performance or reporting. It describes an internal reassignment and promotion of key finance personnel.

Judith E. Andringa will be Vice President, Finance GIS, responsible for the U.S. branch-based business. Ronald L. Jadin will be Vice President and Controller, serving as the principal accounting officer.