Daniel L. Florness has been the CEO of Fastenal Company since January 2016. He joined the company in 1996 as Chief Financial Officer and later became Executive Vice President. Under his leadership, Fastenal has maintained a strong financial performance. His...
Daniel L. Florness has been the CEO of Fastenal Company since January 2016. He joined the company in 1996 as Chief Financial Officer and later became Executive Vice President. Under his leadership, Fastenal has maintained a strong financial performance. His pay model emphasizes growth in earnings, with a total compensation of $831,223 in 2023, which includes a base salary of $750,000 and a bonus for improved asset management. Interestingly, in 2021, he earned over $1.9 million, showcasing the peaks and valleys associated with performance-based pay. He has been active in buying and selling Fastenal stock, demonstrating his commitment to the company. For instance, he reported stock transactions worth up to $24.05 million in 2024 alone. This level of engagement indicates a strong belief in the company's future.