Fastenal Company announced that CEO Daniel L. Florness will step down from his role on July 16, 2026, following nearly 30 years with the company and a decade as CEO. The board has appointed current President and Chief Sales Officer Jeffery M. Watts to succeed Florness as CEO on that date, as part of a succession plan initiated in 2024. Florness will remain as a strategic advisor until early 2028 to support a smooth leadership transition.

Source: Business Wire, December 22, 2025