True Value Co. announced Jeff Olson will join the company as chief financial officer. Olson, who will begin his new role on March 29, has over 30 years of experience in financial optimization, helping to drive commercial effectiveness and operating results. He comes to True Value from The AZEK Company, a manufacturer of low-maintenance and sustainable building products.
“Over the last few years, we have been focused on investments in modernizing the supply chain, doubling our sales force to further support our customers and technology enhancements making it even easier to do business with us,” says True Value CEO Chris Kempa. “Jeff’s deep experience is another example of the type of leader that will help us accelerate our investments even further coming off a year of both record sales and record rebates paid to our retailers. We realize that building the right team from a position of both operational and financial strength will lead to even greater growth for our retailers and our business.”
While at AZEK, Olson served as vice president of finance, overseeing the residential products business. He has broad experience in wholesale distribution, manufacturing and finance, also spending 10 years in finance at Essendant, a $5 billion distributor of business products.
As part of the transition, Deb O’Connor will be leaving True Value and pursuing other interests. She will remain with the company for the coming months to assist with the transition to the new CFO.
True Value also recently hired a new vice president of supply chain, Dario Skocir, who started at the end of February.
About True Value Co.
True Value Co., headquartered in Chicago, is one of the world’s leading hardlines wholesalers with a globally recognized brand and more than 70 years of experience serving independent hardware retailers. With 13 regional distribution centers, and approximately 2,500 associates serving over 4,500 stores, True Value Co. celebrates independence and drives retail excellence across the U.S. and internationally.