DISTRIBUTORS/CO-OPS

Do it Best Corp. plans for executive transition

BY HBSDEALER Staff

Fort Wayne, Ind.-based hardware co-op Do it Best Corp. announced Wednesday a changing of the guard as two longtime executives will retire effective June 30.

Dave Haist, executive VP and COO, and Dave Dietz, VP finance, will be replaced by Dan Starr and Doug Roth — Starr as executive VP and COO and Roth as VP finance.

Currently, Starr is VP human resources, while Roth is director of financial reporting.

President and CEO Bob Taylor described Haist and Dietz as "significant contributors" to the company’s success. “We are also fortunate to enjoy a deep bench of talent. And with the close engagement and support of our Board of Directors, we have developed a plan to facilitate a smooth transition in these two important leadership positions. 

Do it Best described the contributions of Haist and Dietz in an announcemet released Wednesday morning: 

"Haist’s first experience with Do it Best Corp. began long before he joined the member-owned co-op. For many years, he served as their outside counsel at a large Midwest firm and was keenly engaged in a number of important initiatives for the company. In 1997, as the new Vice President of Corporate Affairs and General Counsel, Haist helped negotiate a seamless merger with another co-op before moving over to the role of Vice President of Retail Development, where he brought member support and prospect recruiting efforts to a new level. Appointed to Senior Vice President of Member Services in 2001, he stepped into the newly created position of Executive Vice President and COO the following year. For the last decade, he has worked to find, develop and nurture the talent, structure and systems that have been critical to the company’s current and future success.

"Dietz first started with the co-op in 1977 as the General Accounting Supervisor and has served in a variety of capacities over the past 34 years, including Internal Auditor and Accounting Manager before being named Vice President of Finance in 1987. Dietz moved into a new arena in 1990, when he became the Vice President of Sales and Marketing, and then shifted his efforts again in 1994 as Vice President of Market Development. In 1995, Dietz returned to his former position as Vice President of Finance, and it is here where he made his greatest contributions to Do it Best Corp. and its members. His steady hand and depth of experience helped the company smoothly navigate through both burgeoning and turbulent economic climates and ensured a rock-solid financial foundation for the company, free of any long-term debt, and recognized with the highest credit rating in the co-op industry."

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Do it Best names retail marketing director

BY HBSDEALER Staff

Fort Wayne, Ind.-based Do it Best Corp. has named Rich Lynch as its retail marketing director.

Lynch will oversee and guide the co-op’s retail marketing efforts through its 4,000 member-owned stores worldwide. He will also help drive the company’s member education and training programs.

“Rich brings an impressive amount of expertise, energy and experience to Do it Best Corp., and we are very excited to have him as an integral part of our marketing leadership team,” said Tim Miller, VP of marketing for Do it Best Corp. “Rich will play an integral role as we launch a number of important initiatives designed to help our members grow.”

Lynch brings more than 25 years of experience in the retail, home-improvement and co-op industries to Do it Best Corp. Most recently, he served as a senior category manager for Beam Global Spirits and Wine. 

 

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Ace recruits members in South Dakota

BY HBSDEALER Staff

Four South Dakota hardware stores have joined Ace Hardware, the Oak Brook, Ill.-based co-op announced recently.

The stores, owned by John Niederauer, are located in the South Dakota cities of Dell Rapids, Miller, Redfield and Tea. All four stores underwent the transformation in mid-August.

“For decades we’ve been a part of this community, helping residents find the right products, supplies and tools for their homes and gardens," Niederauer said. “We felt Ace’s ‘helpful place’ identity fit perfectly with what we’re doing here every day." 

Previously, the stores carried the True Value banner.

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