DISTRIBUTORS/CO-OPS

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 prefers this POS vendor
Ace is officially endorsing Epicor as the POS provider for its stores around the globe

Do it Best rebates take center stage

For five dealers, a million-dollar (plus) night
Do it Best announces promotions at headquarters

Fort Wayne, Ind.-based Do it Best Corp. announced four promotions in its finance and merchandising divisions.

Brian Eichman of Fort Wayne has been named director of financial analysis. In this position, he will analyze company financial activities to improve decision-making and provide for operational efficiencies. He has served as accounting manager since joining Do it Best in 1991.
Pongs Do it Best has big plans in Indonesia

Fort Wayne, Ind.-based Do it Best Corp. signed a deal that will bring the Do it Best brand to Indonesia for the first time. The deal also landed Do it Best a partnership with Paulus Ong, who helped grow Ace Indonesia from three stores in 1999 to 45 stores in 2011.

Grand openings are planned for Aug. 3 for the first four Pongs Do it Best Hardware stores in Jakarta.
Parksite acquires Atlantic Plywood Corp.

The national building material distributor points to a broader product offering.
The new PrimeSource names new CEO

After ownership transition, an industry veteran takes the helm.
Bob Taylor, honorary Hoosier

Governor recognizes the retired chief of Do it Best Corp. with highest civilian honor
The price is right

John Price said a fairly typical customer in his Price Hardware True Value store used to stop in for a PVC elbow or similar pipe fitting and be gone in about 10 minutes. Today, that customer is apt to grab a shopping cart, stroll through the aisles and purchase several items. 
Do it Best donates $3 million-plus to Habitat for Humanity

Do it Best Corp. has donated more than $3 million to Habitat for Humanity, through a record donation of home improvement products and the completion of a company-sponsored new home build.