MSC Industrial Direct Co., Inc. (MSM), Thursday announced the decision of its Chief Executive Officer Erik Gershwind to retire from the position and assume role as non-executive Vice Chair of the Board.
In light of this decision, the company has selected Chief Operating Officer Martina McIsaac as the new CEO, effective January 1, 2026.
Prior to joining MSC, McIsaac served as Region Head and Chief Executive Officer of Hilti, Inc.
In the pre-market hours, MSM is trading at $87.80, up 0.87 percent on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.