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| Grainger Names New Senior Vice President of Human Resources |
| CHICAGO (February 4, 2002) - Grainger, the leading North American industrial distributor of products used by businesses to maintain, repair and operate their facilities, today announced Peter Perez as its new senior vice president of human resources.
In this position, Perez will provide leadership and strategic direction for the design, development and execution of Grainger's human resource initiatives. Perez will be responsible for ensuring that Grainger's human resource policies support business objectives and that the company remains competitive in the marketplace through several key human resource functions including benefits, compensation, organization effectiveness and staffing. Perez also will lead the company's efforts to maintain effective employee relations across the organization, which includes over 575 worldwide branch locations, 9 distribution centers and over 15,000 employees. Prior to joining Grainger, Perez served as chief human resource officer at Alliant Exchange/Clayton, Dublier and Rice, where he was responsible for all strategic human resource functions, with concentration in the areas of labor relations, change management and compensation. Perez has also held senior positions at Whitman/Pepsi-General, Philip Morris Companies Incorporated and Emerson Electric Company. "We are pleased to announce Peter Perez has become the new leader of our human resource initiatives," said Dick Keyser, chairman and chief executive officer at Grainger. "We are committed to fostering an environment that empowers employees and promotes superior customer service and we believe that Peter will help reinforce our commitment in this area." Perez holds a master of management degree in Human Resource Management and Organization Behavior from Northwestern University's Kellogg Graduate School of Management, as well as a bachelor of science degree in business from Eastern Illinois University.
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