Ace signs on as wholesale supplier for New Zealand retailer
Ace Hardware is shipping off to New Zealand — specifically, as a wholesale supplier to Mitre 10, a major home improvement retail cooperative in the country. Individual Mitre 10 stores will also have the opportunity to purchase goods from Ace directly.
“Ace Hardware is delighted to work with the retailers and employees of Mitre 10 to supply their stores with the industry’s best products, delivered through our world-class supply chain network,” said Robert Moschorak, president, Ace Hardware International Holdings, Ltd. “We look forward to introducing Mitre 10 customers to an even better selection to suit their home repair and improvement needs.”
Effective today, July 1, Mitre 10 will begin sourcing products from the USA, but that’s not the only thing it stands to gain from the relationship.
“After an extensive review, Mitre 10 has decided to form a trade agreement with Ace Hardware,” explained Mitre 10 CEO Neil Cowie. “Ace Hardware has proven to have strong systems and supply chain processes in place that can enable us to extend our business even further and to the high level our customers have come to expect.”
Mitre 10 is made up of 81 member-owned stores throughout New Zealand, which run the gamut from convenience store formats to larger, big-box layouts.
The new products will be available to Mitre 10 customers later this year.
Mitre 10 has another connection to the U.S. hardware industry: current True Value Company CEO John Hartmann served as CEO of the New Zealand company from 2010 to 2013.
Ace reshuffles its board, gets new chairman
Oak Brook, Illinois-based Ace Hardware Corporation made some updates to its corporate board of directors, not the least of which includes the planned appointment of Jim Ackroyd as chairman.
Ackroyd is the CEO of Vision Ace Hardware, an 11-store chain in southwest Florida. He was named vice chairman last year as part of a planned changeover within the chairman position. As a member of Ace’s board since 2008, he was also re-elected to another three-year term as a member director.
New to the Ace board is Mark Schulein, president of Crown Ace Hardware, a 16-store chain based in Huntington Beach, California.
Non-member director Jeffrey Girard was also re-elected to the board. Girard is the owner of Beam Dynamics, a manufacturer of metal components used in scientific research.
Non-member director John Costello also resigned from the board on March 1, citing time constraints related to his role as president of global marketing and innovation officer for Dunkin Brands. Richard Bennet III, co-CEO of CCA Global Partners, has stepped in to serve out the remainder of Costello’s unexpired term.
The board now conists of 11 members, which include nine Ace retailers and two external professionals.
Ace names new VP of IT and CIO
Ace Hardware Corporation hired Karen Fedyszyn as VP of information technology (IT) and chief information officer.
Reporting to Ace’s CFO, Fedyszyn will play an integral role in driving strategic technology and systems management for Ace to shape business functions and deliver significant return on investments, the co-op said.
“Karen is an accomplished global information technology leader who brings a wealth of systems management and experience from some of the most highly regulated industries,” said Bill Guzik, executive VP, chief financial officer and chief risk officer, Ace Hardware Corporation. “Karen is a proven leader in the field of information systems, directing teams of more than 1,000 and managing multi-billion dollar budgets.”
Fedyszyn, 45, spent the last 14 years as an executive leader at HSBC, the second largest bank in the world. She most recently served as senior vice president of IT for HSBC’s U.S. group (U.S. CIO level), after serving as executive vice president and global head of delivery (global CIO level) while living in Hong Kong. Fedyszyn also spent time in London as senior vice president and global head of data centers and chief technology officer. Prior to HSBC she spent six years with Monsanto after spending four years with IBM.