Mr. Stephen L. Eastman retired in December 2024 as president of the aftermarket, parts, garments, and accessories (PG&A)
division of Polaris Inc., headquartered in Medina, Minnesota. Polaris is an industry leader in the manufacturing and marketing
of recreational vehicles, where Mr. Eastman led the global business, strategic direction, product and brand development, supply
chain operations, and multi-channel sales and marketing, of the aftermarket, PG&A division since August 2015. From February
2012 to August 2015, he served as vice president of that same division. He has also led the acquisition and integration of
several aftermarket brands. From October 2011 to February 2012, Mr. Eastman worked as an independent business consultant.
Prior to October 2011, Mr. Eastman held various executive and managerial positions during a tenure of almost 30 years with
Target Corporation, a multi-location and online retailer of consumer products, including president of Target.com from 2008 to
October 2011. His background in executive and managerial leadership in multi-location consumer products companies, supply
chain strategy, inventory management, eCommerce, and mergers and acquisitions integration provides valuable insight and
guidance in these areas to the board. Mr. Eastman also serves on the board of directors of privately-held Specialized Bicycle
Components, a designer, manufacturer, and marketer of bicycles, bicycle components, and related products, as well as the non-profit
board of directors of the Boys and Girls Club of the Twin Cities. Additionally, Mr. Eastman's diverse business
background provides the experience to chair Fastenal's nominating and corporate governance committee.
Mr. Eastman has been a director of Fastenal since 2015 and is chair of our nominating and corporate governance committee and a member of our compensation committee.
Chair of the Nominating and Corporate Governance Committee
Member of the Compensation Committee