Tractor Supply announces executive promotions
Tractor Supply, the Brentwood, Tenn.-based farm and ranch chain, has announced two executive promotions. Gregory A. Sandfort has been appointed president, and Stanley L. Ruta has been appointed chief operating officer. Both will report to Jim Wright, chairman and CEO.
Sandfort will be responsible for merchandising, marketing, supply chain and e-commerce. He will continue to serve as chief merchandising officer, which he has been since October 2007. Prior to joining Tractor Supply, Sandfort was president and chief operating officer at Michaels Stores.
Ruta will oversee store operations, real estate and construction, and loss prevention. He joined Tractor Supply in 1994 and has more than 30 years of experience in the retail farm store industry.
“Greg and Stan have worked closely with our other executive team members to lead Tractor Supply Co.’s excellent performance in a difficult operating environment,” said Wright. “They have played a key role in helping us to successfully expand our store base, refine our merchandise offering and enhance our in-store execution while continuing to differentiate our brand.”
LG Floors appoints executive vp
LG Floors named David E. Thoresen as executive vp.
For the last eight years, Thoresen held top executive positions with Mannington. Most recently, he was manager, retail strategic accounts. Prior, he was Mannington’s director, sales & marketing; director, resilient business; and national sales manager.
“My biggest challenge is developing a strategy to maximize the organization we already have in place,” Thoresen said. “Our current sales partners, people and products are excellent. A consistent approach and strategy is all that’s missing. Once implemented, that’s when we awaken the ‘Sleeping Giant’ known as LG Floors.”
Thoresen will be working out of the firm’s Englewood Cliffs, N.J., headquarters.
LG Floors is a producer of resilient floor covering.
Huttig posts $35 million loss for 2008
Huttig Building Products, the St. Louis-based distributor, posted a net loss of $35.4 million for fiscal 2008, compared to a net loss of $8.2 million in fiscal 2007. Sales for the past year declined 23 percent to $671 million, from $874.8 million in fiscal 2007.
For the fourth fiscal quarter of 2008, which ended on Dec. 31, Huttig reported a net loss of $15.4 million. This compares to a net loss of $5.8 million in the corresponding period a year ago. Sales were $126 million, down 30 percent from $179.9 million in the forth quarter of the previous year.