Erik Gershwind is President and Chief Executive Officer of MSC Industrial Supply Co., a premier distributor of metalworking and maintenance, repair and operations products and services to industrial customers throughout North America. He also is a member of MSC's Board of Directors.
During his 25-year tenure with MSC, Erik has held a series of progressively responsible leadership roles across the business, including Sales, Product Management, Marketing, eCommerce and Strategy. He was appointed Chief Operating Officer in 2009, President in 2011 and Chief Executive Officer in 2013.
As CEO, Erik has led the company's transformation from a spot-buy supplier of industrial products to a trusted advisor helping customers solve their mission-critical challenges on the plant floor. Under Erik's leadership, MSC's strategic investments in people, technology, acquisitions and regional expansion across North America have resulted in revenue growth of approximately 70 percent to $3.4 billon, placing the company at No. 721 on the 2020 Fortune 1000 list. MSC has been named a top place to work by a number of prominent publications, including Forbes and Computerworld magazines.
Erik graduated summa cum laude with a bachelor's degree in economics from the Wharton School of Business at the University of Pennsylvania and magna cum laude from Harvard Law School. He serves as Chair of the Board of Advisors for the University of Pennsylvania Libraries and sits on the Board of Directors for other not-for-profit organizations, including the Sid Jacobson JCC of East Hills, New York and the Riverside Hawks Youth Basketball, a nationally recognized academic and athletic program. Erik also serves on the Board of Directors of several Gershwind Family Foundations. Additionally, Erik serves as co-chair of Major Gifts for The UJA Federation of New York, Long Island chapter. Erik and his wife, Jackie, serve on the Board of Advisors for Cohen Children’s Medical Center, part of the Northwell Health System.
Erik and Jackie reside in Old Westbury, New York with their three children.
What is Erik Gershwind's net worth?
The estimated net worth of Erik Gershwind is at least $119.90 million as of November 11th, 2024. Mr. Gershwind owns 1,402,849 shares of MSC Industrial Direct stock worth more than $119,901,504 as of November 23rd. This net worth estimate does not reflect any other investments that Mr. Gershwind may own. Additionally, Mr. Gershwind receives an annual salary of $1,680,000.00 as CEO and Director at MSC Industrial Direct. Learn More about Erik Gershwind's net worth.
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Has Erik Gershwind been buying or selling shares of MSC Industrial Direct?
In the last ninety days, Erik Gershwind has sold $4,518,000.00 in shares of MSC Industrial Direct stock. Most recently, Erik Gershwind sold 50,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $90.36, for a transaction totalling $4,518,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,402,849 shares of the company's stock, valued at $126,761,435.64. Learn More on Erik Gershwind's trading history.
Who are MSC Industrial Direct's active insiders?
MSC Industrial Direct's insider roster includes Kristen Actis-Grande (CFO), Steve Armstrong (SVP), Steven Baruch (EVP), Elizabeth Bledsoe (SVP), Charles Bonomo (VP), Erik Gershwind (CEO and Director), Louise Goeser (Director), Kari Heerdt (SVP), Mitchell Jacobson (Director), Douglas Jones (EVP), Edward Martin, Jr. (SVP), Philip Peller (Director), Gregory Polli (SVP), and Kimberly Shacklett (SVP). Learn More on MSC Industrial Direct's active insiders.
Are insiders buying or selling shares of MSC Industrial Direct?
During the last year, insiders at the industrial products company sold shares 10 times. They sold a total of 312,978 shares worth more than $30,118,250.55. The most recent insider tranaction occured on November, 13th when Director Philip Peller sold 900 shares worth more than $80,163.00. Insiders at MSC Industrial Direct own 18.8% of the company.
Learn More about insider trades at MSC Industrial Direct. Information on this page was last updated on 11/13/2024.
