Personnel Updates
• Ace Hardware is bringing in John Sommers, a Home Depot vet, as its new VP of Merchandising, effective July 10.
• McCoy’s Building Supply promoted Joshua Whitley to Controller.
• Mills Fleet Farm named Derick Prelle as its new President and CEO.
• Sears Holdings President of Online, Stephan Zoll, has left the company.
Industry Insight
• Boise Cascade Company is marking its 60th anniversary as a combined organization.
• Lowe’s laid off approximately 120 IT workers; some of the functions will be offshored to India.
• Orgill announced that its new distribution center in Post Falls, ID is open for business.
Mergers and Acquisitions
• PPG has called time on its ill-fated bid to acquire Akzo Nobel.
• Sherwin Williams received Federal Trade Commission approval to acquire Valspar, contingent on the company’s selling Valspar’s North America Industrial Wood Coatings business.
