Canada’s Home Hardware has a new president.
The company’s board of directors recently announced that, as of April 16, Terry Davis will serve as president.
Davis has served as CEO since 2014, but succeeded Paul Straus as president upon Straus’ retirement. Straus remains a consultant to the company.
“This announcement is a result of a planned and considered process carried out by our board of directors,” board chairman Christine Hand says.
In his role as president and CEO, Davis continues to report to the company board of directors and is accountable for oversight of Home Hardware Stores Limited and its subsidiaries. He remains responsible for the financial control and long-term health of the business.
“I am honored by the confidence demonstrated in me by the board and proud to carry on the leadership of president that was carried by Paul Straus,” Davis says. “Paul was a visionary who helped build over 50 years of Home Hardware’s history, growing the dealer-owned network from 122 stores when the company was formed in 1964 to nearly 1,100 today.”
Davis joined the company more than 40 years ago in a junior warehouse position in St. Jacobs, Ontario.
Over the years, Davis gained increasing responsibilities, serving in managerial and executive positions accountable for retailer support and development, marketing, information technology, retailer finance and legal services, administration and strategic planning. In 2010, he was promoted to executive vice president and chief operating officer.
Home Hardware Stores Limited is Canada’s largest retailer-owned hardware, lumber, building materials and furniture home improvement retailer. The company operates close to 1,100 stores under the Home Hardware, Home Building Centre, Home Hardware Building Centre and Home Furniture brands. Annual retail sales for the brands are more than $6 billion.
Founded in 1964 in St. Jacobs, Ontario, Home Hardware is 100-percent Canadian owned and operated. Through the Home Hardware network, retailers have access to 100,000 brand name and private label products, a distribution system and marketing and training programs.