Fastenal Company (FAST, Financial) has announced the appointment of Sheryl A. Lisowski as the interim Chief Financial Officer, effective April 17, 2025. Ms. Lisowski, who currently serves as the Executive Vice President – Chief Accounting Officer and Treasurer, will assume this additional role until a permanent CFO is appointed.
Ms. Lisowski brings a wealth of experience to the position, having been with Fastenal since 1994. Her extensive background includes serving as the company's Controller, Chief Accounting Officer, and Treasurer from October 2013 to August 2016, and as interim CFO from January 2016 to August 2016. Her leadership within the finance and accounting team has been marked by roles of increasing responsibility.
In recognition of her expanded duties, Ms. Lisowski's base salary will increase from $320,000 to $440,000. Additionally, she will receive a quarterly cash incentive bonus based on the company's financial performance. This includes 0.40% of the amount by which the company's quarterly pre-tax income exceeds the previous year's figures, and 0.27% of the amount by which quarterly net income surpasses the prior year's results. She will also remain eligible for a supplemental bonus under the company's Return on Asset (ROA) Plan for 2025.
Ms. Lisowski's appointment does not involve any new stock options, as she retains her existing grants as Executive Vice President – Chief Accounting Officer and Treasurer. There are no arrangements or understandings with other parties that influenced her selection as interim CFO, nor are there any transactions involving her or her immediate family that require disclosure under SEC regulations.
This strategic appointment underscores Fastenal's commitment to leveraging internal talent and ensuring continuity in its financial leadership during the transition period.
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