The company has moved its main electrical, HVAC and plumbing branch in Sioux Falls, South Dakota, to its new facility as of June 15.

Hosted by AD Chief Financial Officer Drew Moyer with a panel of legal authorities from Dentons, more than 300 member participants heard a review of the program framework and received an update on partial loan forgiveness associated with the new legislation as well as guidance on proper use of the funds.

Patrick Adams, former president and CEO, becomes chairman and director of special projects; Steven Adams, former executive vice president, becomes president and CEO.

Michael Bleier is the president and owner of Able Distributors. Listen for a lively conversation on the joys and challenges of combining business with family and find out how his company stays relevant in the age of the instant supply house!

AD worked collaboratively with impacted divisional boards, committees and its associates to ensure a meaningful virtual experience that allows participants to experience the networking and relationship-building aspects of AD’s signature meetings.

The company will release its Q2 2020 results on July 28 after the market closes.

"COVID-19 Recovery: Focus on Profits Before Price with Industrial Supply Chain Expert Tim Underhill" is scheduled for Wednesday, June 3 at 2 p.m. ET.

Lane has served as a director of MRC Global and president and CEO since September 2008 and was the MRC Global chairman of the board from December 2009 until April 2016, when the positions of chairman of the board and CEO were separated.

The average annual sales growth for the 12 months through April 2020 is 1.3 percent.

Oil price war and COVID-19 converged to cut oil production and slash capex spending.