Logano replaces Stewart on Home Depot NASCAR team
Joe Gibbs Racing has announced that Joey Logano, called one of the “sport’s brightest emerging stars” in a press release from the racing team, will replace Tony Stewart in the Home Depot-sponsored Sprint Cup No. 20 Toyota team in 2009 “and beyond.”
Eighteen-year-old Logano will make his NASCAR Spring Cup series debut on Sept. 6 at Richmond International Raceway in a Home Depot-sponsored car “featuring a reverse color scheme and bearing the No. 02,” according to Joe Gibbs Racing.
Greg Zipadelli, crew chief of the No. 20 Home Depot Toyota NASCAR Sprint Cup Series for the past 10 years, will remain atop the pit box as Logano’s crew chief.
Stewart recently announced he would leave Joe Gibbs Racing to drive for the team Haas-CNC, which he co-owns, at the end of the season.
“Home Depot is thrilled to welcome Joey Logano as the new driver of the No. 20 Home Depot car,” said Frank Bifulco, senior vp and chief marketing officer for Home Depot. “To have such a talented, young driver, with a bright future join the team truly makes this a special opportunity for our NASCAR program. We’re also extremely gratified to continue to be working with Joe Gibbs Racing and Greg Zipadelli, as we have had great success together over the past decade.”
Home Depot also sponsors NASCAR through its status as the “Official Home Improvement Retailer of NASCAR.” The retailer has sponsored the No. 20 Home Depot Racing team for the past 10 years.
Toro’s earnings decline in third quarter
Pointing to the weakness of the domestic economy, Toro reported fiscal third-quarter net earnings of $38.2 million, down 10.1 percent from $42.5 million last year.
New sales grew 3 percent to $492.6 million, up from $478.7 million the previous year, which the company attributed to the strength of its international business.
Professional segment net sales for the quarter increased 5.9 percent to $351.6 million, while residential sales declined 0.6 percent to $132.1 million.
The company expects overall economic conditions to remain difficult for the remainder of fiscal 2008. “In the current environment, we’ll maintain our focus on driving retail demand, managing inventory levels and addressing rising commodity costs,” said Michael J. Hoffman, Toro’s chairman and CEO.
Do it Best names e-commerce manager
Do it Best has hired Joe Caldwell — who has a background in e-commerce infrastructure and more than five year’s experience in network administration — as its e-commerce manager.
In this position, Caldwell will oversee the development, administration and operation of the company’s Web site, doitbest.com, including coordinating on-site advertising with vendors and shipping orders. The company’s customer service center, which helps members with logistics, shipping and product information, also falls under his jurisdiction.
Caldwell will report to Bill Zielke, vp-marketing, for the Fort Wayne, Ind.-based co-op.
Caldwell previously worked as facility manager with Brentwood, Tenn.-based American Color, one of North America’s largest full-service premedia and print companies, where he managed the print projects for Do it Best. Prior to that, he worked with Kruse International in Auburn, Ind., as a network administrator, coordinating the online and live auto auction administration.
Aresident of Fort Wayne, Ind., Caldwell is currently working toward his bachelor’s degree in internet information security at ITT Technical Institute.