MSC Industrial hires former ABB and Tyco IRO
MSC Industrial Direct, the industrial equipment supplier with $2 bn annual sales, has hired experienced IRO John Chironna as vice president of investor relations and treasurer.
Chironna joins the publisher of ‘The Big Book’ catalogue from Tyco, where he spent eight months as vice president of IR helping the conglomerate’s flow controls business unit in its spin-off and merger with Pentair.
The vast majority of his IR experience, however, came during 14 years in investor relations at ABB, the Swiss engineering firm with listings in Zurich, Stockholm and New York.
As ABB’s US-based IRO, Chironna helped guide the company through its listing on the NYSE in 2001, developed a North American IR program and boosted ABB’s shareholder base in the region.
‘[John] has a proven track record of applying his extensive financial experience to effectively communicate and develop relationships with new and existing investors,’ comments Jeffrey Kaczka, MSC’s CFO, in a release announcing the appointment.
‘MSC has a long history of delivering value for shareholders and we are fortunate to have a professional of John’s caliber leading our investor relations and treasury efforts going forward.’
Prior to his IR work, Chironna spent eight years at ABB in other finance roles. He began his career at accountant Arthur Anderson.
MSC’s current head of IR Shelley Boxer has announced his retirement after 19 years at the industrials supplier. He is stepping down to spend more time with his family, the company says in the release.