Content about CEO

October 21, 2014

CalStar Products' new CFO is Jack Barry, an experienced C-level executive with a wealth of experience in LEAN manufacturing principles.

“Jack’s diversity of experience, across a variety of categories and company sizes, brings key knowledge as CalStar continues its growth trajectory from startup to leading building products company,” said CalStar CEO Joel Rood. “In particular, his knowledge of LEAN principles and ability to maximize internal efficiencies will help CalStar maximize its high-volume manufacturing capabilities.”

October 21, 2014

Despite new energy-related regulations, Electrolux CEO Keith McLoughlin said North America continues to deliver healthy sales results for the Stockholm, Sweden-based company.

In its third quarter, Electrolux operating income increased almost 30% to SEK 1.4 billion ($194 million).

October 20, 2014

Indianapolis -- Do it Best Corp. distributed more than a $100 million in member rebates during the co-op's annual shareholders meeting Sunday night. 

It was the 11th consecutive year of $100 million-plus rebates, and another chance for CEO Bob Taylor to present his state-of-the company report -- emphasis on members growing their business and overcoming challenges.

October 17, 2014

Mooresville, North Carolina-based Amerock Hardware, a manufacturer of cabinet hardware, has a new president and CEO in Michael Marchi.

“I’m excited for this new position," said Marchi. "Amerock has a great brand, with a proud legacy. That’s one of the reasons I came here. The attraction for me was Amerock’s history and its even brighter future. The strength of brand, market position and product portfolio all backed by a solid reputation; that makes for tremendous opportunity.”

October 17, 2014

Pittsburgh-based PPG Industries’ third-quarter sales and earnings growth were aided by new technologies and North American economic expansion, said CEO Charles Bunch. 

The company reported third-quarter net sales from continuing operations of $3.94 billion, up 4%. Net income was $377 million, up from $226 million in the year-ago period. 

October 13, 2014

Home Depot’s Marvin Ellison will leave the world’s largest home improvement retailer to take the top spot at Plano, Texas-based J.C. Penney. 

Ellison is currently executive VP stores at The Home Depot. 

October 13, 2014

Summit Materials has acquired ready-mix concrete company Southwest Ready-Mix in Houston, aggregates company Colorado County Sand & Gravel in Colorado County, Texas, and aggregates and ready-mix concrete company Concrete Supply of Topeka/Builders Choice Concrete in Topeka.

“We are very pleased to welcome these three companies and their employees to Summit Materials," said Summit Materials CEO Tom Hill. "They are a great cultural, geographic and business match with us and a furtherance of our strategy of growth through acquisitions.”

October 12, 2014

Denver -- During the True Value General Session here, with the co-op presenting details of its much-anticipated strategic plan, president and CEO John Hartmann painted a picture of the company building on the principles of “engagement,” “growth” and “efficiency.”

October 12, 2014

Denver -- The General Session at the 2014 True Value Fall Reunion in Denver opened with a few words of inspiration from chairman of the board Brent Burger.

"As you can see from the agenda card, we have a very full program this afternoon and I promise you that it will be one of most exciting General Sessions we have ever had," said Burger, the owner of five Campbell's True Value locations in Maine.

October 8, 2014

The American Hardware Manufacturers Association’s survey of members found 78% of respondents said sales were higher in September versus year-ago levels, up from 71% in August. For September, 22% reported sales were even, and 0% said sales were below year-ago levels.

October 8, 2014

The International Housewares Association named Gary Seehoff as vice chairman and chairman elect of the Rosemont, Illinois-based industry association.

Sehoff is the CEO of Evriholder Products, which he founded in 1994 after inventing its first two products: the Twirl A Tie and the Twirl A Belt. Today, the company is one of the largest distributors of housewares impulse products in the kitchen, barware, cleaning, storage and bath and personal care categories.

October 3, 2014

D.R. Horton, Inc.'s vice chairman, president and CEO Donald Tomnitz has officially retired, having been succeeded by David Auld on Oct. 1.

Auld was previously serving as EVP and COO and has now taken on the formal title of president and CEO. He has been with the company since 1988, initially joining the team as division president, Orlando. He was promoted to region president for Florida and the Carolinas in 2005, and he was tapped to serve in his most recent role last November.

October 3, 2014

In keeping with its previously announced plans, Sears Holdings Corp. has officially sold the majority of its 51% stake in Sears Canada, lowering that number to 12%.

October 1, 2014

Frank Roach, CEO of plumbing supply distributor Ferguson, credited the people behind the plumbing for a “wonderful” 2014.

The company, a division of U.K.-based Wolseley, increased its revenue more than 10% in fiscal 2014, ending the year with sales of $11.6 billion, up from $10.6 billion last year.

September 25, 2014

Stocks slumped almost unilaterally on Thursday in the HCN Top 30 cadre, especially Sears, fresh off the heels of news that Sears Canada's CEO is resigning.

September 25, 2014

KB Home president and CEO Jeffrey Mezger had good things to say about the company's third-quarter earnings report, which demonstrated a 7% uptick in revenues.

“Our business continues to perform well, reflecting the actions we have taken to position our operations for success,” said Mezger. “We are clearly seeing the impact of strategies that we have implemented over the past few years."

September 25, 2014

Exactly one year from the day that news broke of former CEO Calvin McDonald's departure, Sears Canada has again announced that there will be turnover in its leadership ranks.

Douglas Campbell, who replaced McDonald as president and CEO after he suddenly resigned last year, has given notice of his impending resignation, which will take effect as soon as the company finds a replacement (but no later than January 1, 2015).

September 22, 2014

Orlando, Florida -- With Internet sales growing faster than other channels across the U.S. retail scene, Ace Hardware rolled out a new Web-embracing deal for dealers.

In essence, retailers that sign up for Ace’s In-Store Pick Up service receive 100% profit on Internet sales, up from 70%.

September 22, 2014

MyHome, a New York City-based kitchen and bath renovation company, has a new CEO in Noam Hanuka.

In his new role, Hanuka will have oversight of all aspects of the company's operations, including sales, marketing, production and customer service.

According to the company, MyHome's recent growth led founder Yoel Piotraut to seek fresh leadership looking into 2014 and 2015, especially with a major boost in clientele expected.

Hanuka's resume includes over a decade's worth of experience managing global companies.

September 22, 2014

Law firms are swarming around Sears Holdings regarding the short-term loan it recently secured from CEO Edward Lampert's hedge fund.

According to the law firms, Lampert's significant stake in Sears Holdings could potentially undermine the legitimacy of the loan, which is secured by 25 undisclosed Sears properties that Lampert could swap out at will.

September 22, 2014

Plano, Texas-based home decor retailer At Home has named Wendy Beck to its board of directors.

"We are incredibly pleased to welcome Wendy Beck to our board of directors," said Lee Bird, CEO of At Home. "Wendy's deep financial knowledge and expertise in the consumer sector will be a tremendous asset as we continue to grow the At Home brand. We look forward to benefiting from her experience as we work to capitalize on the growth opportunities ahead in 2015 and beyond."

September 18, 2014

Sears Holdings (SHLD) continued bleeding share value on Thursday in the wake of its announcement that it was borrowing money from CEO Edward Lampert.

September 17, 2014

Orlando, Florida -- Financing and technology were among the new-and-improved tools that Ace Hardware executives rolled out onto the stage of the Ace Hardware general session here Wednesday morning.

At the same session, the co-op rallied around the morning's slogan "Building Momentum," and executives had statistics to back it up.             

September 16, 2014

Sears Holdings (SHLD) dropped 9.40% on Tuesday after filing for a $400 million loan from CEO Edward Lampert's hedge fund.

September 16, 2014

Joy Seitz, CEO of Scottsdale-based American Solar & Roofing, is joining the ranks of Seattle-based minimum wage advocates by making bold moves with the company's family-leave policy.

The residential roofing and solar services company is now extending one month of paid family leave to its employees, placing it among the 17% of U.S. employers that offer any level of paid family leave.