Fortune Brands names new president
Fortune Brands has announced the appointment of Christopher Klein as its new president and chief operating officer – home products, effective April 1. Klein currently serves as senior vp – strategy and business development at Fortune Brands.
Klein will report to Rich Forbes, president and CEO of Fortune Brands Home & Hardware, until Forbes retires at the end of 2009.
Since joining Fortune in 2003, Klein has led the company’s mergers and acquisitions activity, corporate strategy development and human resources. Previously, he worked for Bank One, Internet Capital Group, and McKinsey & Co.
As of April 1, the Moen faucet, MasterBrand Cabinets, Therma-Tru doors and Simonton windows operations will report to Klein. John Heppner, president of the security and storage operations, including Master Lock padlocks and Waterloo tool storage, will continue reporting to Forbes. A search is being conducted for Klein’s successor.
After Christmas, Lowe’s gets busy
Mooresville, N.C.-based Lowe’s is planning a barrage of day-after-Christmas store openings that will bring more than 700,000 square feet of new retailing space to the nation’s second largest home improvement retailer.
On Dec. 26, Lowe’s will open in the following seven locations: Oak Grove Village, Mo. (94,000 square feet); Derby, Conn. (102,000 square feet); South Lebanon, Ohio (117,000 square feet); League City, Texas (117,000 square feet); East San Jose, Calif. (117,000 square feet); Tarboro, N.C. (66,000 square feet); and Pineville, La. (94,000 square feet).
And the end of its most recent quarter, Lowe’s operated 1,616 stores. The company expects to open approximately 120 stores in 2008, scaling back to 75 to 85 new store openings in 2009.
HD Supply White Cap expands in Texas
HD Supply White Cap celebrated the grand opening of its 44,000-square-foot distribution center and regional offices located at 400 International Parkway in Arlington, Texas.
The facility is designed to improve inventory availability throughout the South Central markets by consolidating all purchasing, receiving and distribution activities for more than 300 vendors. The new distribution center is the final phase of HD Supply White Cap facility consolidation efforts taking place in the South Central region since 2006.
“HD Supply White Cap is committed to strategic growth that enables us to serve our customers more efficiently and build value,” said Tom Lazzaro, president of HD Supply White Cap.
HD Supply White Cap offers products including concrete and masonry tools and accessories, wood and plastics, all trade hand and layout tools, tilt-up hardware and brace rentals, brand name power tools, stormwater pollution prevention products, welding supplies, lightweight construction equipment and job site and personal safety equipment.
The company, which describes itself as a leading distributor of specialty hardware, tools and materials for large and medium-sized professional contractors, is a division of HD Supply.