True Value CEO to retire in May

Chicago -- True Value Hardware said Tuesday that its president and CEO Lyle Heidemann will retire from the company after eight years at the helm, effective May 31.

The hardware cooperative has named John Hartmann to succeed Heidemann as president and CEO. Hartmann previously served as CEO of New Zealand hardware cooperative Mitre 10. He also spent nearly a decade at Home Depot and HD Supply in a variety of roles, finishing his tenure as CO of the electrical and plumbing/HVAC divisions.