CEO Lyle Heidemann to retire from True Value
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.
"As I reflect on the past eight years with True Value, I would like to thank two significant groups of people that have made these years personally rewarding for me: our True Value associates and our True Value retailers," said Heidemann. "I leave feeling confident in the future of True Value. John is an exceptional leader with strong strategic thinking skills, tremendous financial acumen and a true passion for the entrepreneurial spirit. He and our True Value associates and retailers will have continued success."
Hartmann has more than 15 years of corporate experience, including 11 years in the home improvement/hardware retail sector. He served as CEO of Mitre 10, a New Zealand-based hardware cooperative, and spent eight years at Home Depot and HD Supply in a variety of roles, including long-range planning, strategic business development, operations and sourcing. He finished his tenure as chief operating officer of the electrical and plumbing/HVAC divisions.
Hartmann holds a Bachelor of Science degree from Rochester Institute of Technology and a JD from Syracuse University College of Law.
"The True Value board conducted an extensive search process to choose the ideal person to succeed Lyle," said Brent Burger, chairman of the board for True Value. "John was our unanimous choice. He has a deep understanding of consumer expectations, product distribution and the competitive landscape, and equally important, he has a clear understanding — with first-hand experience — of the hardware co-op environment."
Ace hosts Buying Days event in Oak Brook
Oak Brook, Ill.-based Ace Hardware Corp. is hosting a Buying Days event June 7 in Oak Brook at the Doubletree Hotel on Spring Road.
The co-op says it is offering vendors an opportunity to introduce their products to Ace buyers during the event. “This event allows prospective vendors to efficiently and effectively introduce their business and products to Ace Hardware,” according to an announcement for the event.
Meetings are limited to 20 minutes; two representatives from the vendor’s organization may attend. The fee for participation is $200 per meeting, and all proceeds will benefit the Ace Hardware Foundation in support of Children’s Miracle Network Hospitals.
Registration deadline is June 1, 2013. For more information, visit Acehardware-vendors.com.
True Value points to valuable partners
Chicago-based True Value Co. recognized its top suppliers for their commitment and service. Topping the list was Christmas and seasonal decorative light provider Inliten of Glenview, Ill., honored as Partner of the Year.
“We applaud this year’s winners for their outstanding commitment to excellence, as well as their extraordinary contributions and positive financial impact on the co-op and our members’ businesses,” said Lyle Heidemann, True Value president and CEO.
In addition to the Partner of the Year, the following vendors received recognition in the following categories:
• Midwest Can Co., Melrose Park, Ill. – Automotive, pet, farm and ranch;
• Johnson Level & Tool, Mequon, Wis. – Hand and power tools;
• Bemis Manufacturing, Sheboygan Falls, Wis. – plumbing;
• Legrand/Pass & Seymour, Syracuse, N.Y. – Electrical;
• Krylon Manufacturing, Cleveland, Ohio – Paint;
• Inliten – Seasonal products;
• Teknor Apex, Pawtucket, R.I. – Lawn and garden;
• Jarden Home Brands – Daleville, Ind. – Home;
• Quikrete, Atlanta – Hardware/LBM; and
• JMS Industries, Jimo Qingdao, China – Global sourcing.
“Inliten and all of our 2012 Supplier of the Year award winners excel in every key merchandising and logistics measure — from sales and margin and quality to fill rate and support of company initiatives,” said Michael Clark, senior VP and chief merchandising officer for True Value.
Grippo & Dlden, a business litigation boutique, was named True Value’s “Service Partner of the Year.”