News Releases

True Value announces retirement of Senior Vice President and Chief Merchandising Officer Mike Clark

November 04, 2013

CHICAGO – Nov. 4, 2013 – True Value Company announced today the retirement of senior vice president and chief merchandising officer, Mike Clark. Clark will provide support to the co-op through the end of the year in an advisory capacity.

"As I reflect on five fulfilling years at True Value, I would like to thank an amazing merchandising team, our dedicated True Value associates, and the supportive group of vendors, who are focused on the growth and success of our retailers and the co-op." said Mike Clark. Clark signaled his plans earlier this year to retire, however stayed on with the co-op to help with the transition of a new president and CEO.

"I'd like to recognize and thank Mike for his commitment to the co-op. He delayed his retirement for us, and we greatly appreciate it. Mike leaves us in a strong position with a talented team, expanded, relevant and competitively priced assortments, and a terrific merchandising program." said President and CEO John Hartmann.

Clark joined True Value in 2008 and led the charge in building a world-class merchandising organization. His career spans nearly 40 years with senior executive merchandising roles at both Orchard Supply Hardware and Sears. Clark will embark on a well-earned retirement in California and on the water with his wife, Connie.

True Value Company, headquartered in Chicago, is one of the world's largest retailer-owned hardware cooperatives. The True Value cooperative represents independent retailer locations worldwide with retail sales in their communities totaling approximately $5.5 billion. Store identities include True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply. Additional information on True Value Company and its retail identities is available at www.truevaluecompany.com.