Total Compensation: $ 3.84 M
James T. Ryan, age 49, was elected President and Chief Operating Officer of Grainger in 2007, and was appointed to Grainger's Board of Directors in 2007. Previously he had been Grainger's President. Before assuming that position in 2006, Mr. Ryan served as Group President since 2004. Mr. Ryan has served Grainger in increasingly responsible roles since 1980, including Executive Vice President, Marketing, Sales and Service; Vice President, Information Services; President, grainger.com; and President, Grainger Parts. Mr. Ryan is a Trustee of the Museum of Science and Industry and DePaul University, and a member of the Economic Club of Chicago. Effective as of June 1, 2008, the Board of Directors of the Company has elected Mr. Ryan as Chief Executive Officer and President of the Company.
Total Compensation: $ —
Ronald L. Jadin, 47, was previously Vice President and Controller for the company, in which capacity he also served as the Company's principal accounting officer. He joined Grainger in October 1998 as Director of Financial Planning and Analysis for the company. He also served as Vice President, Finance for Grainger Industrial Supply(GIS) Division where he was responsible for the financial planning and analysis of Grainger's U.S. branch-based business, with emphasis on its financial performance and related investment decisions. Mr. Jadin had occupied the position of Vice President, Finance GIS since September 2000. Prior to joining Grainger, he spent 15 years serving in financial analysis and management capacities within General Electric Company. Jadin graduated with a Bachelor of Arts degree in economics from Yale University and earned his master's degree in business administration with a concentration in finance from the University of Wisconsin at Whitewater. On February 20, 2008, the Company's Board of Directors elected Ronald L. Jadin to the position of Senior Vice President and Chief Financial Officer. The change will be effective March 1, 2008.
Total Compensation: $ —
Effective as of March 13, 2008, W.W. Grainger, Inc. has elected Gregory S. Irving as the Principal Accounting Officer of the Company. Gregory S. Irving, 49, was appointed the Company's Vice President and Controller as of March 1, 2008. He is responsible for all of Grainger's corporate accounting, financial reporting, financial systems, planning and analysis, and corporate tax activities. Since September 2004, Mr. Irving served as Vice President, Finance, for Acklands - Grainger Inc., where he oversaw all of Acklands - Grainger's finance function, including accounting, financial reporting, inventory and cost accounting, and financial planning and analysis. In 2002, Mr. Irving became Grainger's Vice President, Financial Services, responsible for Customer Financial Services, Accounts Payable, Contract Administration and the Employee Systems groups. A certified public accountant, Mr. Irving joined Grainger in 1999 as Director of Internal Audit.
Total Compensation: $ 1.58 M
John L. Howard, Senior Vice President and General Counsel, a position assumed in 2000.
Total Compensation: $ —
Court D. Carruthers, Senior Vice President, a position assumed in 2007, and President of Acklands -Grainger Inc., a position assumed in 2006. Prior to assuming the last-mentioned position, Mr. Carruthers served as Vice President, National Accounts and Sales of Acklands - Grainger Inc.
Total Compensation: $ —
Larry J. Loizzo, Senior Vice President (formerly Vice President) of Grainger, a position assumed in 2003, and President of Lab Safety Supply, Inc., a position assumed in 1996.
Total Compensation: $ —
Michael J. Roberts, age 57, is Chief Executive Officer and the Founder of Westside Holdings, LLC, a marketing and brand development company. He is the former President and Chief Operating Officer of McDonald's Corporation, and before assuming this position in November 2004, his previous positions at McDonald's Corporation included Chief Executive Officer-McDonald's USA during 2004; President-McDonald's USA from 2001 to 2004; and President, West Division-McDonald's USA from 1997 to 2001. He is the Vice Chair of the 2016 Chicago Olympic Bid Committee and serves on the Board of Directors of the Chicago Council on Global Affairs. Mr. Roberts, an independent director, was first appointed a director of Grainger in 2006.
Total Compensation: $ 2.41 M
Yang C. Chen, President, Grainger Industrial Supply, a position assumed in February 2007. Mr. Chen had previously been the Company's Group President, a position assumed in 2006 after serving as Senior Vice President, Supply Chain Management. Before assuming that position in 2003, Mr. Chen served as Vice President, Supply Chain Services, Vice President, International Internet Commerce, and Vice President, Asia Pacific.
Total Compensation: $ —
Nancy A. Hobor, Senior Vice President (formerly Vice President), Communications and Investor Relations, a position assumed in 1999.
Total Compensation: $ —
Brian P. Anderson, age 57, is the former Executive Vice President of Finance and Chief Financial Officer of OfficeMax Incorporated, a distributor of business-to-business and retail office products. Prior to assuming this position in 2004, Mr. Anderson was Senior Vice President and Chief Financial Officer of Baxter International Inc., a position he assumed in 1998. He is also a director of A. M. Castle & Co., James Hardie Industries NV, and Pulte Homes, Inc., and serves on the audit committees of each of those companies. Mr. Anderson, an independent director, was first elected a director of Grainger in 1999.
Total Compensation: $ —
Stuart L. Levenick, age 55, is Group President of Caterpillar Inc., a manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Prior to assuming that position in 2004, Mr. Levenick served as Vice President, Caterpillar Inc. and Chairman of Shin Caterpillar Mitsubishi Ltd. from 2000 to 2004 and as Vice President, Asia Pacific Division from 2001 to 2004. He is also a director of Entergy Corporation, New Orleans, LA, and the US-China Business Council. Mr. Levenick, an independent director, was first appointed a director of Grainger in 2005.
Total Compensation: $ —
William K. Hall, age 64, is the co-founder and Chairman of Procyon Technologies, Inc., a privately owned, Chicago-based holding company which focuses on the acquisition and growth of suppliers to the global aerospace and defense industry. Prior to assuming that position in 2000, Mr. Hall was Chairman and Chief Executive Officer of Falcon Building Products, Inc., a manufacturer and distributor of products for residential and commercial construction and home improvement markets. He currently serves on the boards of Actuant Corporation, Great Plains Energy Incorporated, A. M. Castle & Co., and Stericycle, Inc. Mr. Hall, an independent director, was first elected a director of Grainger in 2005.
Total Compensation: $ —
Gary L. Rogers, age 63, was Vice Chairman of General Electric Company from 2001 until his retirement in December 2003. Previously, Mr. Rogers was Senior Vice President of General Electric Company and President and Chief Executive Officer of GE Plastics from 1992 to 2001. He is also a director of Rohm and Haas Company and Wyeth. Mr. Rogers, an independent director, was first appointed a director of Grainger in 2004.
Total Compensation: $ —
V. Ann Hailey, age 57, is a former Executive Vice President of Limited Brands, Inc., where she served as Executive Vice President and Chief Financial Officer from 1997 to 2006 and as Executive Vice President, Corporate Development from 2006 to 2007. Prior to joining Limited Brands in 1997, Ms. Hailey was Senior Vice President and Chief Financial Officer of the Pillsbury Company. She is also a director and Chair of the Audit Committee of the Federal Reserve Bank of Cleveland. Ms. Hailey, an independent director, was first elected a director of Grainger in 2006.
Total Compensation: $ —
Harold B. Smith, age 74, is Chairman of the Executive Committee and a director of Illinois Tool Works Inc., a worldwide manufacturer and marketer of engineered components and industrial systems and consumables. He is also a director of Northern Trust Corporation. Mr. Smith, an independent director, was first elected a director of Grainger in 1981 and is Chairman of the Compensation Committee and a member of the Board Affairs and Nominating Committee. Mr. Smith has reached the age at which, under Grainger's Criteria for Membership on the Board of Directors, an outside director would generally not be nominated. However, the Board has determined that in the case of Mr. Smith, an exception to this general principle is appropriate.
Total Compensation: $ 7.93 M
Richard L. Keyser, age 65, is Grainger's Chairman of the Board, a position assumed in 1997, and Chief Executive Officer, a position assumed in 1995. Previously he served as Grainger's President and Chief Operating Officer. Mr. Keyser is also a director of Principal Financial Group, Inc. and Rohm and Haas Company. He joined Grainger in 1986 and became a director in 1992. Effective as of June 1, 2008, Richard L. Keyser will relinquish his role as Chief Executive Officer of the Company and will remain as Chairman of the Board.
Total Compensation: $ —
David W. Grainger, age 78, is the company's Senior Chairman of the Board, a position assumed in 1997 after serving as Chairman of the Board. He was the company's Chief Executive Officer until 1995. Mr. Grainger joined the company in 1952 and was first elected a director in 1953. On February 21, 2007, David W. Grainger notified the Board of Directors of W.W. Grainger, Inc. that he has decided not to stand for re-election as a director at the Company's annual meeting of shareholders to be held on April 25, 2007. Mr. Grainger will continue to serve as an officer of the Company, in the position of Senior Chairman.
Total Compensation: $ —
James D. Slavik, age 55, is Chairman (formerly President) and a director of Mark IV Capital, Inc., an investment company dealing in real estate development and corporate investments. Mr. Slavik, an independent director, was first elected a director of Grainger in 1987.
Total Compensation: $ —
John W. McCarter, Jr., age 70, is President and Chief Executive Officer of The Field Museum of Natural History, a position assumed in 1996. Mr. McCarter served as Senior Vice President of Booz, Allen & Hamilton Inc., a management consulting firm, until 1997. He is also a director of Divergence, Inc. and Janus Funds. Mr. McCarter, an independent director, was first elected a director of Grainger in 1990.
Total Compensation: $ —
Neil S. Novich, age 53, is the former Chairman, President, and Chief Executive Officer of Ryerson Inc., a major metal distributor and processor. He became Ryerson's President and Chief Executive Officer in 1996 and its Chairman in 1999. Mr. Novich, an independent director, was first elected a director of Grainger in 1999.
Total Compensation: $ 2.27 M
P. Ogden Loux, 65, was elected Senior Vice President, Finance, and Chief Financial Officer in December 1996. Since 1987, when he joined Grainger, he served in a variety of financial roles including Vice President and Controller and Vice President, Business Support. In his new position as Vice Chairman, he will provide the company with advice and support on a broad range of business initiatives. Prior to joining Grainger, Loux had financial management responsibilities for three businesses within General Electric Company: a motor production operation, a specialty motor business, and a metallurgical business. He also held a number of positions at General Electric's headquarters and its power generation and engineered materials businesses, as well as in its corporate finance and administration staffs. In addition, he served as a member of General Electric's audit staff. Loux graduated with a bachelor's degree from Drexel University in Philadelphia. On February 20, 2008, the Company's Board of Directors named P. Ogden Loux as Vice Chairman, The change will be effective March 1, 2008.
Total Compensation: $ —
Wilbur H. Gantz, age 70, is Executive Chairman of Ovation Pharmaceuticals, Inc., a privately owned specialty pharmaceutical company that focuses on under-promoted and late-stage development products. He assumed this position in 2002. Mr. Gantz previously served as Chairman and Chief Executive Officer of PathoGenesis Corporation and as President of Baxter International Inc. He is also Chairman of the Board of Harris Financial Corp. Mr. Gantz, an independent director, was first elected a director of Grainger in 1985.
