Chief Executive Officer, President & Director, Dnow
Search every verified David Cherechinsky interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Cherechinsky, President and CEO of DistributionNOW, said in a September 2023 interview that the company has shifted from being a "one-stop shop" to focusing on areas where it is strongest and where customers see value, such as supply chain management. He stated that the company operates 170 locations, with about 60 outside the United States, and that its size allows it to provide products even during supply chain disruptions. Cherechinsky described the company as being at "peak earnings" in its nine-year public history and noted it had made about four acquisitions in the prior five months and initiated a share buyback program that was about halfway complete. Cherechinsky characterized the energy transition as an "energy evolution" that will take time, and said DistributionNOW is focused on providing lower-emission products to existing oil and gas customers, who he described as likely major investors in carbon capture and direct air capture. He mentioned the company had recently acquired a firm focused on emission reduction. Cherechinsky also said the U.S. and Canadian markets are stabilizing, while international markets are beginning to grow due to energy security concerns in Europe, and that the company is adding sales staff and working with customers to pursue growth outside its core end-market focus.
“We manage a supply chain working with our key manufacturers making large commitments to key manufacturers and providing the best products, the best price and availability to our customers to manage the supply chain very well.”
“Our ability to service our customers comes from being the biggest supplier in our space so we can provide products even when there are supply chain issues and it helps them manage their businesses.”
“We see energy demand only growing over time. Oil and gas energy demand may peak at some time in the future, so we're focused on pursuing an energy transition but we're kind of in a dominant position in oil and gas distribution.”
“We call it energy evolution because it's going to take time to make that transition. We're focused on providing lower emission products to our current customers where our current customers are going to be the big investors in the future in terms of carbon capture and direct air capture.”
“We're holding hands with our customers working with manufacturers to provide the interim solutions and we recently just bought a company that's focused on emission reduction.”
“We don't focus on low margin low value commodity products; we try to find the sweet spot where we're strong from our 160 year history and where the customer sees value.”
“We've significantly improved earnings, we just initiated a buy-back program which we're about halfway through, and we're acquisitive having made about four acquisitions in the last five months.”
“We're focused on really growing our business outside of oil and gas, leveraging our supply chain competencies which can move many products through an efficient supply chain.”
“We're at peak earnings in our nine-year public company history, very acquisitive, initiated the share buyback program, and focused on the energy transition as a main focus for continued growth into the future.”
“We're starting to see the international market take off. The U.S. and Canadian markets are stabilizing and beyond gas space, international is beginning to grow due to energy security issues in Europe and outside of North America.”
DistributionNOW is a stocking supplier of energy and industrial solutions, products and engineered equipment packages, serving ...
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