United Stationers hires former USG exec
United Stationers, a leading distributor of office and business products, has hired Fareed Khan as its senior VP and chief financial officer, effective July 18. He will report directly to Cody Phipps, president and CEO.
Khan, 45, spent 12 years with USG Corp., where he most recently served as executive VP finance and strategy. His responsibilities included leading all finance, accounting, corporate strategy, information technology, pension and investor relations activities. Prior to that, Khan served as president and CEO of USG Building Systems, USG Corp.’s largest operating unit comprised of U.S. Gypsum Co. and USG Interiors Inc. Other senior level management positions held by Khan at USG included a variety of strategy, business development, marketing, supply chain management and general management roles.
Before joining USG in 1999, Khan was a consultant with McKinsey & Co., where he served global clients on a variety of projects, including acquisition analysis, supply chain optimization and organization redesign.
Khan succeeds Victoria Reich, who announced her planned departure from the company in November 2010 and has remained in her role to support a smooth transition.
Based in Deerfield, Ill., United Stationers reported 2010 net sales of approximately $4.8 billion.
Hitachi names new sales exec
Hitachi Power Tools has appointed Tim Hawkins as its director of home center sales for North American business, effective June 1. Hawkins previously served as director of outdoor power equipment for Hitachi Power Tools & Tanaka Power Equipment (a brand within the Hitachi Power Tools group). Prior to then, he was regional manager over the central United States for Hitachi. Hawkins first joined the company in 1998.
Headquartered in Atlanta, Hitachi Power Tools (Hitachi Koki USA) offers an extensive line of professional grade power tools and accessories for woodworking, metalworking, drilling and fastening, concrete drilling and cutting, outdoor power equipment products, as well as a complete line of pneumatic nailers, staplers, compressors and collated fasteners.
Retail sales slip, but not for NAICS 444
The U.S. Census Bureau announced this morning that advance estimates of U.S. retail and food services sales for May were $387.1 billion on a seasonally adjusted basis. That’s down 0.2% from the previous month, and up 7.7 % compared with May 2010.
Total sales for March, April and May were up 7.5% from the same period a year ago.
Looking specifically at NAICS classification 444 — Building material & garden equipment & supplies dealers — the adjusted advance estimate for sales in May were $25.017 billion, up 1.2% from last month and up 7.0% from last year.
The Advance Monthly Sales report also revealed general retail trade sales were down 0.3% from April 2011, but 8.0% above last year. Gasoline stations sales were up 22.3% from May 2010, and nonstore retailers’ sales were up 15.9% from last year.
All the figures above are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.