True Value has announced the restructuring of its leadership team in a move to accelerate the growth and profitability of its independent store owners, the hardware cooperative announced.
The restructuring will consolidate the co-op’s supply chain, logistics and global distribution network with a stronger focus on growth and gaining new efficiencies, the retailer noted. Abhinav Shukla takes on the position of True Value’s senior vice president and chief operating officer. Shukla joins from AlixPartners, a global business and consulting firm.
True Value also noted that the organizational changes will create one single function that is focused on creating new opportunities for existing retailers to increase profitability while continuing to draw new entrepreneurs to invest in new stores with the co-op’s Destination True Value (DTV) store format. To further that goal, Tim Mills will become the company’s new senior vice president of growth, having held roles at leading distributor HD Supply in sales, operations and strategic development. Mills most recently served as vp and general manager for the Power Solutions division.
In separate news, Ken Goodgame will join the company as senior vice president and chief merchandising officer, most recently serving as general merchandising manager for Ace Hardware. He will replace Mike Clark, who announced his retirement. Clark will provide support to the co-op through the end of the year in an advisory capacity. Clark joined True Value in 2008 and his career spans nearly 40 years with senior executive merchandising roles at both Orchard Supply Hardware and Sears.