TW Perry hires ProBuild executive
TW Perry, the Gaithersburg, Md.-based pro dealer, has hired Michael Cassidy as its new chief operating officer, effective July 1. Cassidy comes to TW Perry from ProBuild, the Denver-based chain of lumberyards, where he served as senior vp-manufacturing, in charge of 14 component plants in the eastern United States. Previous to that, Cassidy oversaw mergers and acquisitions as ProBuild’s vp-corporate development.
“We feel very fortunate to have gotten someone with Michael’s industry experience,” said company president Rich Cortese in an interview with Home Channel News.
Cassidy will become TW Perry’s president when Cortese retires in June 2009.
The former U.S. Marine captain, who came to ProBuild from Strober’s, has also worked for Kimberly-Clark, consulting firm Booz Allen Hamilton and United Technologies.
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.