Terry Davis Announces Plans to Retire

 

 

Following a close to fifty year career, Terry Davis, President and Chief Executive Officer of Home Hardware Stores Limited, has announced plans for his retirement later this year.

Mr. Davis joined Home Hardware in 1970, starting as a junior warehouse employee, working in the St. Jacobs warehouse. He worked his way up in the company, assuming the role of CEO in 2014. One of his goals was to execute strategies to make Home Hardware future-ready. He has also been working with the board to formulate a succession plan with the goal of identifying the right person to step into the role.

“It has been an honor and privilege to serve our dealer-owners in many different capacities over my 48 years at Home Hardware,” said Davis in a press release. “Home Hardware’s success is rooted in its unique dealer structure and a commitment to constant innovation, and that strong foundation will be equally important as we move into the next phase of our growth. While I am sad to leave the organization that has been an integral part of my life for nearly half a century, I am confident that we have laid a strong foundation -through developing new competencies in retail and digital, and the development of a new strategic roadmap - on which to build a very bright future. Now is an opportune time for the next generation of leadership to execute on that vision.”

Terry will remain in the position until later this year while the search process takes place to find a replacement. ABSDA congratulates Terry Davis on his long-time career and wishes him all the best as he enters the next phase of his life.