Kenneth Nance
Founder in Winona, Minnesota
Kenneth Nance
Founder in Winona, Minnesota
In Winona, MN, Kenneth Nance served from 2012 through 2016 as the executive vice president of Fastenal’s eastern United States and Mexican businesses. Prior to his work in Winona, MN, Kenneth Nance lived in Dallas, Texas, where he was the vice president of Fastenal’s south central region.
While in Dallas, Mr. Nance’s accomplishments included growing the company's return-on-assets from 45 to 65 percent annually. Under Mr. Nance's leadership, nearly 80 new stores were opened, and sales grew from $15 million to $25 million per month.
During his tenure in Dallas, Kenneth Nance took charge of rehabilitating the Southern California region. Between 2008 and 2010, Mr. Nance turned a $500,000 quarterly loss into a $500,000 quarterly profit. In doing so, the Southern California region went from the worst performing region to the best.
Mr. Nance had a successful 24-year career with Fastenal, which was his first job after graduating from Pittsburgh State University. In January of 2017, Kenneth Nance launched his own company, The Nance Group, LLC, in Irving, Texas, where he specializes in helping small and medium-sized companies streamline operations and become more profitable.