Home names Davis president
ST. JACOBS, Ontario – Terry Davis, chief executive officer of Home Hardware Stores and its affiliates, has been named president and chief executive officer by the retail co-operative’s board of directors. He succeeds Paul Strauss, who will remain a consultant to the company.
His appointment was effective 16 April 2018. In his expanded role, Davis will continue to report to the group’s board of directors and be accountable for the control of the business and of the general conduct and affairs of Home Hardware Stores Limited and its wholly-owned subsidiaries. He remains responsible for the sound financial control and long-term health of the company.
“This announcement is a result of a planned and considered process carried out by our board of directors,” chairman Christine Hand said in a statement.
“I am honoured by the confidence demonstrated in me by the board and proud to carry on the leadership of president that was carried by Paul Straus,” said Davis. “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 Home Hardware more than four decades ago in a junior warehouse position in the distribution centre here. In the interim years, he has held increasingly responsible managerial and executive positions accountable for dealer support and dealer development, marketing, information technology, dealer finance and legal services, administration and strategic planning. In 2010, he was appointed executive vice-president and chief operating officer and became CEO in 2014.
Based here, Home Hardware Stores is Canada’s largest dealer-owned hardware, lumber, building materials, and furniture home improvement retailer with close to 1,100 stores under the Home Hardware, Home Building Centre, Home Hardware Building Centre and Home Furniture banners with annual retail sales of over $6 billion.