ABC Supply Co. names new chief financial officer
Beloit, Wis.-based ABC Supply Co. promoted Todd Buehl to the position of chief financial officer and treasurer, effective April 1. Buehl, who joined ABC Supply as vice president and chief administrative officer in 2012, succeeds Kendra Story, who is retiring as chief financial officer and treasurer after nearly 32 years with the company.
A native of Janesville, Wis., Buehl came to ABC Supply from Hendricks Holding Co. where he had been executive vice president. HHC, which is also owned by ABC Supply Co-Founder Diane Hendricks, is a global investment and business development group that owns and operates a diverse portfolio of companies.
“Although Todd only officially joined ABC Supply in 2012, he has actually worked closely with the company for 10 years and we know him well,” said Keith Rozolis, ABC Supply chief executive officer and president. “Since he joined Hendricks Holding Co. in 2004, Todd has worked with us on acquisitions, real estate transactions and branch expansions; he played a pivotal role in the acquisition of Bradco Supply in 2010 and in our subsequent buyout of minority shareholders last year. For the last six months, he has been working closely with Kendra to ensure a smooth transition in April.”
Buehl has been a member of ABC Supply’s Board of Directors since 2008. He began his career with William Blair & Company, a Chicago-based investment banking firm, where he focused on merger and acquisition advisory services. He has a Master of Business Administration degree from Northwestern University’s Kellogg School of Management and a Bachelor of Science degree in economics from The Wharton School of the University of Pennsylvania.
Announcing Story’s retirement, Rozolis said that Story joined ABC Supply in 1982 as the first employee hired by company Co-Founders Ken and Diane Hendricks for their newly formed distribution company. Noting that Story has been the only chief financial officer in the company’s existence, Rozolis praised her leadership in developing the financial team and processes necessary to support the company’s increasingly complex business requirements. During her tenure, the company grew from a start-up with zero revenue to a nationwide enterprise with more than 450 locations and sales approaching $5 billion.
Patrick Lumber names new president
Portland, Ore.-based Patrick Lumber’s board of directors elected Dave Halsey to succeed Jim Rodway as president.
The specialty lumber remanufacturer, distributor and exporter Patrick Lumber, which will celebrate its 100th anniversary in January, announced the change Friday.
Rodway spent his entire career with Patrick Lumber, joining the company immediately upon graduating from Oregon State University in 1979. He became president of the company in 2001 when the current management team took controlling interest in the company. Rodway was the company’s fifth president. His predecessor, Bob McCracken, had held the president position for the previous 25 years.
Halsey, too, has spent his entire career in the lumber business, starting out at Disdero Lumber in 1986 after graduating from Oregon State. He later ran K/D Cedar in California before joining Patrick Lumber in 1997. Halsey, along with Rodway and current Chairman Patrick Burns, purchased the company from McCracken, Ron Yeager and Tom Carstensen in 2001. Halsey has filled the role of vice president of sales since that time.
Halsey and Rodway will work closely together during the remainder of this year to ensure a smooth and successful transition, the company said.
Toro launches centennial grant and donation programs
In honor of its year-long centennial celebration, The Toro Company has launched its Legacy Grant Program and Annual Product Donation Program.
The Legacy Grant Program will help fund the efforts of non-profit organizations to enhance and preserve green spaces, as well as organizations that take an active stance in educating the public in water conservation strategies.
Meanwhile, the Annual Product Donation Program will provide organizations with equipment and irrigation donations in order to help them achieve impact in their communities, whether by improving green spaces or providing job-skills training.
An online application form will be available for the first time on its website.