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William Bolton Elected to Ace Hardware's Board of Directors

Published on 2004-10-06. Author : SpecialChem

Oak Brook, Ill. -- Long-time retail executive William (Bill) Bolton has been elected to the Ace Hardware Corp. board of directors as an outside director. This marks the first time in the company's 80-year history that an individual who is not an Ace store owner or Ace executive has been elected to the board.

With the exception of Bolton, the Ace 11-member board, which sets the strategic direction for the retailer-owned cooperative, is comprised solely of Ace store owners from different regions of the country.

Bolton has served the board since October 2003 in a retail advisory capacity. In this new position, he will be up for re-election in 2007.

"Bill's contributions over the past year have been valuable to our organization, and with his election to the board, he will continue to help Ace implement its long-term retail growth strategy," said Ace retailer and Chairman of the Board J. Thomas Glenn. "Bill has a proven track record of being able to achieve strong retail growth through a focus on high levels of customer service, coupled with innovative merchandising techniques, and we look forward to his ongoing counsel."

Bolton's career in the retail sector has spanned three decades. Previous positions include executive vice president, retail president and chief operating officer of SuperValu, Inc., a Minnesota-based grocery wholesaler; chairman and chief executive officer of Alabama-based Bruno's, Inc.; chief operating officer of American Stores Co.; and president of Jewel Food/Osco Stores.

Presently, Bolton is a consultant/advisor to Leo J. Shapiro & Associates, a Chicago market research company that specializes in tracking consumer behavior and the performance of retail companies. He also serves as a board member of Bemis Company Inc. (NYSE), a Minneapolis-based flexible packaging company.

Bolton also has experience serving as an outside advisor to a number of small, privately held companies as well as educational institutions such as Western Michigan University, his alma mater.

"Bill has a strong reputation for getting results," Glenn added. "His sharp focus on retail growth and execution will be an asset as Ace continues to solidify its position as the market leader in the convenience segment of the home improvement industry."

Founded in 1924, Ace Hardware Corp. is headquartered in Oak Brook, Ill., and is the largest retailer-owned hardware cooperative in the industry, with annual retail sales from its 4,800 hardware, home center and lumber and building materials retailers topping $13 billion. Ace currently operates 15 distribution centers in the United States and has stores located in all 50 states and 72 countries.

Source: Ace Hardware Corp.


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