Industry & Services >> CEO Interviews >> June 23, 2003

Willard Oberton – Fastenal Company (fast)

WILLARD D. OBERTON is President and Chief Executive Officer of Fastenal Company. He became President in August 2001 and since December 2002 he has been Chief Executive Officer and President. He has worked at Fastenal since January 2, 1980. Starting out as a trainee in the Winona facility, Mr. Oberton quickly moved on to become an Assistant Branch Manager in Marshalltown, Iowa, and then went on to manage branches in Owatonna and Mankato, Minnesota, before becoming a District Manager in December 1981. In June 1986, he moved to the position of Operations Manager, a position that he held until April 1997, when he became the Vice President and Chief Operating Officer of Fastenal. He is a graduate of St. Cloud Technical College with a degree in Marketing. Mr. Oberton currently sits on the Board of Directors of the Merchant National Bank and the Merchant Bank Holding Company and the Winona Youth Soccer Association. Profile
TWST: Would you begin with a brief historical sketch of Fastenal

and a description of things as they are now?

Mr. Oberton: We are a store-based distributor of industrial and