Atlanta – An information-packed general session here at the True Value Reunion included up-close interviews with a new slate of senior executives and an update on the co-op’s long-running strategic planning effort.
And there was also a little comedy on the stage, as actors impersonated shoppers experiencing BBTSD, or “big box traumatic stress disorder.”
Chicago-based True Value Co., which took on a new CEO in May, announced the arrival of three new executives to the co-op's leadership team.
The restructuring brings Ken Goodgame, a former Ace executive, to True Value as senior VP and chief merchandising officer. He will replace Mike Clark, who announced his retirement. Also, Abhinav Shukla joins True Value as senior VP and COO; and Tim Mills becomes the company's new senior VP of growth.
Chicago-based True Value Co. reported gross billings of $455.1 million for the quarter ended Sept. 28, an increase of 1.4% from $448.9 million for the same period a year ago.
Revenue was $346.5 million, an increase of 2.0% or $6.9 million from $339.6 million a year ago. Comparable-store sales to core domestic hardware store outlets were up 2.8% at wholesale and 4.5% at retail for the quarter.
True Value Corp. CEO John Hartmann’s first mission was to meet as many dealers as fast as possible. In his first three-and-half-months on the job, he talked to some 450 retailers at 13 roundtable events around the country.
As Chicago-based True Value seeks to encourage and support growth among members, the co-op’s six-and-half-year-old Destination True Value (DTV) remodeling program will continue to play a key role under new CEO John Hartmann.
Chicago -- True Value Company kicked off its annual fall market here in Chicago with the promise of a "new market experience."
The Sept. 20-22 event is branded as the co-op's "Reunion," with adjustments to the schedule and show floor layout -- and most notably, new leadership. The event will be the first market for new CEO John Hartmann, and dealers will also get to mingle with chairman of the board Brent Burger.
John Hartmann has been appointed as the company’s new president and CEO, following the retirement of Heidemann, effective May 31
True Value has announced the retirement of president and CEO Lyle Heidemann, effective May 31. John Hartmann has been appointed as the company’s new president and CEO, following the retirement of Heidemann. Heidemann will continue to serve True Value through the end of 2013 as an adviser.