Ace CFO Dorvin Lively resigns

Ace Hardware CFO and EVP Dorvin Lively is leaving the Oak Brook, Ill.-based hardware co-op to  pursue other interests.

Lively joined Ace about three years ago and was promoted to EVP in January 2011. On an interim basis, Lori Bossmann will oversee the finance department, while the co-op searches for a new CFO.

Lively was a professional accounting fellow at the Financial Accounting Standards Board in the early 1990s. He later became a senior VP and corporate controller at Toys “R” Us before moving on to Maidenform Brands, and then to Ace Hardware in 2008.

Ace issued the following statement: "Dorvin Lively, a highly valued member of the Ace Hardware Corp. family, has elected to leave his position as chief financial officer to pursue another opportunity. His resignation is effective as of Aug. 10. Ace thanks him for the dedication he brought to his position, which he held since March 2008."

"Ace is involved in a search for a new CFO. In the interim, Ace veteran Lori Bossmann will oversee the finance department and all of its functions. She and Erik Gast, VP finance, along with their team, will allow Ace to pursue a search without disruption to our business and financial operations."

Lively's thoughts on retail growth, the role of the co-op and other matters were explored in a Home Channel News article in March 2011.