ST. JACOBS, Ont. —Terry Davis, executive vice-president and COO of Home Hardware Stores Limited, has been selected by Home’s board of directors to assume the role of chief executive, effective May 1. The appointment of a new leader for the dealer-owned co-op—only its third since Home’s inception—takes place during the company’s 50th anniversary year.
Davis (shown left) succeeds current president and CEO Paul Straus (r), who will stay on as president and retain a seat on the co-op’s board of directors. He will also serve as an advisor to both the board and senior management team.
“Today’s announcement is a result of a planned and considered process carried out by our board of directors,” said Christine Hand, chairman of the board for Home Hardware Stores. “Our succession planning was thorough and thoughtful and the board has determined that Terry is the right choice to lead our company.” Hand also thanked Straus for his commitment to the company, which he has been with since it was started in 1964…
