True Value appoints outside director

True Value has appointed Kathleen Guion to its board of directors as an outside member effective August 2012. With more than 13 years of C-level experience, Guion has played pivotal roles in corporate turnarounds, leveraged buyouts and an initial public offering. Her experience takes in the implementation of new technologies in retail real estate development and operations.

Most recently, Guion retired from Dollar General Corp., where she served as president for store operations and company growth, and played a leading role in the company's sales growth from $6.8 billion in 2003 to more than $13 billion in 2010. Before joining Dollar General, Guion helped guide a Chapter 11 reorganization of Duke and Long Distribution without debtor-in-possession financing. And as an operating partner at the New York investment firm Devon Partners, she identified acquisition targets and developed detailed operational improvement plans that would provide returns to investors in excess of 40%.