ELEVEN DIRECTORS SLATED FOR GRAINGER'S BOARD TO BE VOTED ON AT THE COMPANY'S ANNUAL MEETING ON APRIL 26, 2023

Rhea-AI Summary

W. W. Grainger announced its slate of nominees for the 2023-2024 Board of Directors, consisting of 11 current members, to be voted on during the annual shareholders' meeting on April 26, 2023. Notably, Michael J. Roberts will not seek re-election after 17 years, adhering to the company's board membership age criteria. CEO D.G. Macpherson acknowledged Roberts' significant contributions. Grainger, with 2022 sales of $15.2 billion, serves over 4.5 million customers worldwide, offering more than 2 million MRO products through its High-Touch Solutions and Endless Assortment segments.

Positive

• Nomination of 11 experienced board members indicates stability.
• CEO recognizes the contributions of retiring board member, enhancing company culture.

Negative

• Retirement of Michael J. Roberts may lead to a temporary gap in leadership experience.

News Market Reaction – GWW

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CHICAGO, Feb. 15, 2023 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) today announced that the Board of Directors has selected a slate of nominees to serve for the 2023-2024 period.  The 11 candidates, all current Board members, to be voted on at the 2023 annual meeting of shareholders are:

Rodney C. Adkins
V. Ann Hailey
Katherine D. Jaspon
Stuart L. Levenick
D.G. Macpherson
Neil S. Novich
Beatriz R. Perez
E. Scott Santi
Susan Slavik Williams
Lucas E. Watson
Steven A. White

After 17 years of service, Michael J. Roberts will not stand for re-election in accordance with the Company's Criteria for Membership on the Board of Directors, which provide that an outside director generally will not be nominated after the age of 72.  Mr. Roberts has been a Board member since 2006 and served as a member of the Board Affairs and Nominating Committee, as well as the Compensation Committee.

Grainger Chairman and CEO, D.G. Macpherson, said, "On behalf of our employees and the Board of Directors, I would like to thank Mike for his service and the significant contributions he made at company over the last 17 years.  It has been a true privilege to serve alongside him and I wish him the best in retirement."

About Grainger

W.W. Grainger, Inc., with 2022 sales of $15.2 billion, is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. Grainger achieves its purpose, We Keep the World Working®, by serving more than 4.5 million customers worldwide with innovative technology and deep customer relationships. The Company operates two business models. In the High-Touch Solutions segment, Grainger offers more than 2 million maintenance, repair and operating (MRO) products and several services, such as technical support and inventory management. In the Endless Assortment segment, Zoro.com offers customers access to more than 11 million items, and MonotaRO.com provides more than 20 million items. For more information, visit invest.grainger.com.

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SOURCE W.W. Grainger, Inc.

FAQ

What is the date of Grainger's annual meeting in 2023?

Grainger's annual meeting is scheduled for April 26, 2023.

Who will not be seeking re-election to Grainger's Board?

Michael J. Roberts will not be seeking re-election after 17 years.

How many candidates are nominated for Grainger's Board in 2023?

Eleven candidates are nominated for the Board in 2023.

What were Grainger's sales figures for 2022?

Grainger reported sales of $15.2 billion for 2022.

What is Grainger's primary business focus?

Grainger focuses on distributing maintenance, repair, and operating (MRO) products.