Columbus, Ohio-based FCX Performance – No. 34 on Industrial Distribution's 2015 Big 50 List – on Tuesday announced that it has appointed former MSC Industrial Supply Executive Vice President of Sales Thomas Cox as its new Chief Executive Officer. Cox, who became a FCX company director earlier this year, will continue to serve on FCX's board of directors.
Cox will take over for Charles Hale, who will continue to serve as President, focusing on business development and vendor relationships.
"We are pleased to have Charley redouble his focus on FCX’s acquisition strategy, which he has spearheaded for over 17 years, and driving deeper relationships between FCX and our vendor partners," said Michael DeFlorio, Senior Managing Director of Harvest Partners, FCX's controlling equity holder. "His acquisition expertise and strong relationships across the industry will allow FCX to continue to fuel growth via opportunities to expand FCX’s geographic footprint and the products and solutions we provide our customers."
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Cox was EVP of sales at MSC Industrial – No. 14 on ID's Big 50 List – for 17 years. According to FCX, MSC's revenue in that time grew from $500 million to more than $2.7 billion. Previously, he held numerous executive leadership positions, including 10 years at TNT Express both in Europe and the U.S.
"I am excited to join the FCX team as we continue to build the company into a national flow control powerhouse," Cox said in a release. "FCX has a tremendous history of growth, a strong culture and an organization full of talented employees that we will continue to build on in the years to come."
"Tom brings a wealth of experience and a passion for growth to FCX," DeFlorio added. "We are excited to have his leadership as we accelerate FCX’s strategic growth, both organically and through synergistic acquisitions, and continue to enhance FCX’s position as a valued partner to customers and vendors."
