Content about chief financial officer

Ace Hardware has named William Guzik as the company's new chief financial officer, effective July 9. Guzik, 52, will oversee all financial-related activities, including accounting operations, financial strategy, risk management, treasury, investor relations, planning and reporting.

Brenda McCormick, Valspar’s assistant controller and senior finance director, was promoted to Controller, according to a Feb. 16 filing with the Securities and Exchange Commission (SEC). McCormick also served as  finance director at Valspar. 

In previous experience, McCormick held positions as director financial reporting, planning and analysis at Lawson Software and director financial reporting - consumer products at International Multifoods.

Tim-Br Marts has appointed John Steen as CFO. A senior financial executive, Steen has operational experience across a range of sectors, primarily in agribusiness/retail, manufacturing, oil and gas, and energy.

Steen, who will be based out of the company’s Calgary, AB office, will report directly to president and CEO Tim Urquhart.

He has held executive roles at a number of organizations, including UFA Co-operative Limited, Ontario Power Authority, and in South Africa at Teves Group. 

The Securities and Exchange Commission (SEC) has announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based home builder was committing accounting fraud, according to an Aug. 30 announcement. 

Dorvin Lively, the former chief financial officer and executive VP of Ace Hardware, has been hired at RadioShack as the company’s CFO, chief administrative officer and executive VP, effective immediately. 

Lively, 53, left the Oak Brook, Ill, buying group on Aug. 10. He joined Ace in March 2008 as senior VP and CFO and was promoted to executive VP in December 2010. 

Milwaukee, Wis.-based A. O. Smith announced that Daniel Kempken has been named VP and controller.

In his new position, Kempken will oversee the accounting, financial planning, internal audit and risk management functions for the global manufacturer of residential and commercial water heating equipment.

Shorewood, Ill.-based MJSI, makers of  the HydroRight dual flush converter, hired Jim Ramig as chief financial officer. 

In this newly created position, Ramig is responsible for all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and financial oversight and planning. He reports directly to Michael Schuster, president of MJSI.

For the first time since 2005, The Home Depot and Lowe’s Cos. both delivered positive comparable-store sales in all four quarters of 2010. Last year was also the first year both companies showed an increase in full-year sales since 2005. 


These trends are strong evidence that the worst of the economic cycle has passed for the two home improvement retail giants.