FASTENAL (FAST)
Sector: Industrials
Sector: Industrials
FASTENAL - Executive Compensation
Senior Executive Vice President and Chief Financial Officer
Executive Compensation
Max H. Tunnicliff is the Senior Executive Vice President and Chief Financial Officer of Fastenal Company, a Fortune 300 industrial distributor specializing in fasteners, tools, and supply chain solutions. Joining Fastenal in 1998 as a Senior Internal Auditor, Tunnicliff brought prior experience from KPMG Peat Marwick LLP, where he developed expertise in auditing, financial reporting, and compliance. Over his 25+ year career with the company, he progressed through critical roles including Director of Internal Audit, Vice President of Internal Audit, Vice President – Controller, and Executive Vice President – Finance, ascending to his current position in 2018. As CFO, Tunnicliff oversees Fastenal's global finance operations, including financial planning, treasury, tax, investor relations, and risk management. His strategic leadership has been instrumental in driving the company's sustained growth, with annual revenues surpassing $7 billion and consistent double-digit earnings growth amid market challenges. Key achievements under his tenure include optimizing capital allocation for over 3,500 in-market locations and vending devices, advancing digital initiatives like FASTENAL Onsite services, and enhancing shareholder value through disciplined cost management and accretive acquisitions. A Certified Public Accountant, Tunnicliff earned a Bachelor of Science in Accounting from Winona State University. His deep operational insight and commitment to ethical financial practices have solidified Fastenal's reputation as a resilient leader in the industrial sector.