CHICAGO – May 4, 2015 – True Value Company, one of the world's largest hardware cooperatives, today announced Deborah O'Connor will join the company as Senior Vice President and Chief Financial Officer (CFO) succeeding current CFO David Shadduck who left True Value effective April 30, 2015.
Shadduck, who was with True Value for nearly 14 years, was instrumental in guiding the cooperative during significant periods of challenge when he first joined the company in 2001and later helping to navigate the organization through one of the greatest economic downturns this nation has seen. Most recently, he played a critical role in restructuring the cooperative's financing helping to position the company for the execution of the strategic plan.
"We are grateful to Dave for his many contributions to True Value and wish him the best in his future endeavors," said President and Chief Executive Officer John Hartmann.
Hartmann continued, "We are excited to have Deb O'Connor join True Value. Her financial expertise and deep experience in retail make her the right choice for our next CFO. We'll benefit from her experience in the development of long-term growth plans as well as her skill in budgeting and forecasting within fast-paced retail environments."
O'Connor comes to True Value with a wealth of retail experience having worked in various finance roles over the last 25 years. Most recently, O'Connor spent seven years at OfficeMax, where she was the senior vice president of integration and finance playing a critical role in the OfficeMax/Office Depot merger. Since 2008, she has held a number of finance leadership roles, including interim CFO and senior vice president and chief accounting officer.
Prior to joining OfficeMax, O'Connor was with ServiceMaster for over 15 years, most recently as senior vice president and controller where she oversaw numerous acquisitions, including Terminix, TruGreen/ChemLawn, American Home Shield and Merry Maids. She was also an accountant with Arthur Anderson for seven years working in the firm's Commercial division while also receiving her CPA certification. O'Connor graduated from Arizona State with a Bachelor of Science in Accounting.
About True Value Company
True Value Company, headquartered in Chicago, is one of the world's largest retailer-owned wholesale hardware cooperatives with gross billings of over $2.0 billion and revenue of $1.5 billion in 2014. The True Value cooperative includes approximately 4,500 independent retailer locations worldwide operating under the store identities of True Value, Grand Rental Station, Taylor Rental, Party Central, Home & Garden Showplace and Induserve Supply. Additional information on True Value and its retail identities is available at www.truevaluecompany.com.