CHICAGO, Dec. 6 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced
the decision of Jere D. Fluno to retire as the Company's Vice Chairman,
effective July 1, 2000.
As Vice Chairman, Mr. Fluno is presently responsible for all of the
administrative, financial, human resources, legal, and real estate functions
of the Company. He is a member of the Office of the Chairman, the Company's
senior executive group, and has served on its Board of Directors since 1975.
Mr. Fluno will continue to serve as a Director of the Company.
Grainger Chairman and Chief Executive Officer Richard L. Keyser said,
"Jere has played an important leadership role and has made significant
contributions to Grainger. He has also been, and will continue to be, an
important contributor to his community and to higher education, especially his
alma mater, the University of Wisconsin."
Mr. Fluno's decision to retire follows 31 years of service with
the Company. Since joining Grainger in 1969 as Controller, Mr. Fluno has held
the positions of Vice President, Finance; Senior Vice President; and
Chief Financial Officer. He was elected to his present position of Vice
Chairman in 1984 and became a member of the Office of the Chairman in 1985.
W.W. Grainger, Inc. (GWW), with 1998 sales of $4.3 billion, is the leading
North American provider of maintenance, repair, and operating (MRO) supplies,
services, and related information to businesses and institutions. GWW shares
are traded on the New York and Chicago stock exchanges. For more information,
visit Grainger online at http://www.grainger.com.
SOURCE W.W. Grainger, Inc.
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Related links:
http://www.Grainger.com
Company News On-Call:
http://www.prnewswire.com/comp/953850.html or fax,
800-758-5804, ext. 953850
CONTACT:
Nancy A. Hobor of W.W. Grainger, Inc.,
847-535-0065
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