H.B. Fuller elects 10th member to board of directors

Florness was named president and CEO of Fastenal Company in 2015. He is a 22-year company veteran who previously served as chief financial officer from 1996 to 2015. During that time and in addition to leading Fastenal’s financial strategy and processes, he oversaw a portion of the company’s manufacturing division, its product development and procurement, and its national accounts business. From 2002 until 2015, he also served as executive vice president. During Florness’ tenure, Fastenal has grown from a US$250 million business with operations in two countries to a US$4.4 billion global entity with a direct presence in 24 countries. Throughout his career, he has interacted extensively with its board of directors, including the audit, compensation and nominating committees. Prior to Fastenal, he spent 10 years with accounting firm KPMG.

Florness’ appointment expands the H.B. Fuller board to 10 directors, nine of whom are independent.    

Lee Mitau, chairman of the company’s board of directors, said: ’ He is an experienced leader who brings deep knowledge and understanding of corporate strategy, and he will enable us to achieve our growth and profitability goals and to deliver long-term value to our shareholders.’

Jim Owens, H.B. Fuller president and CEO, added: ‘Florness is a strong leader with a strategic focus on the customer. His keen financial insight, coupled with his experience growing a successful global business, will greatly enhance our board. I am confident that Florness will be a great asset as we continue to drive our strategic growth plans.’

Florness said: ‘H.B. Fuller has a solid growth strategy. I am pleased to be able to share my experience in global business expansion and profitable growth, and support H.B. Fuller’s continued success.’

Florness serves on the boards of Fastenal Company, PlastiComp and Gundersen Health System. He has also served on several community boards, including National FFA Sponsors, American Red Cross and the Winona Community Foundation.