4/30/2015 12:49:00 AM
NEWS BRIEFS
Hillman Co. CEO To Retire
Hillman Companies Inc. announced that James Waters will retire as CEO and as a member of the Board of Directors after nearly 16 years of service. Hillman appointed Doug Cahill, its current nonexecutive chairman, as executive chairman.
“I’ve worked at Hillman for 16 incredible years,” said Waters. He was named CEO in July 2013, taking over for the retiring Mick Hillman.
“I am extremely proud of where we are today as a Company,” Waters stated. ” Over the past two years, I have guided the Company through its largest acquisition and the CCMP transaction and the Company is now launching its next growth phase.”
Waters called his decision “difficult,” but noted the company was performing well.
“I must now focus on my family,” he added. “I believe that making this decision at this time is optimal for the Company and my vision of my future.”
Hillman appointed Doug Cahill, its current non-executive chairman, as executive chairman.
Hillman’s board of directors is actively seeking a new CEO.
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading distributor of fasteners, key duplication systems, engraved tags, and related hardware items to over 26,000 retail customers in the U.S., Canada, Mexico, South America, and Australia, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and other retailers.
Hillman has $700 million in annual revenue, employing about 2,000 workers to serve 26,000 retail customers worldwide.
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