Ace Hardware Names Steve Locanto Corporate Controller

November 10, 2014 // Franchising.com // OAK BROOK, Ill. – Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the industry, is pleased to announce the hiring of Steve Locanto as Corporate Controller. Reporting to Ace’s Chief Financial Officer, Locanto will oversee a broad range of financial matters, including internal and external financial reporting, internal controls, operational accounting and systems.

"We are pleased to welcome Steve, an accomplished finance and accounting professional, to the Ace team," said Bill Guzik, Executive Vice President and Chief Financial Officer, Ace Hardware Corporation. "Steve brings a wealth of knowledge as a financial expert, not only in corporate accounting but also as a strategic partner to the dealer community. We look forward to working with Steve as he helps shape Ace’s ongoing results-focused strategic initiatives."

Prior to joining Ace, Locanto had a 20 year career with Navistar International, most recently as Assistant Corporate Controller, after serving as the Controller of both the Truck and Parts Segments. Concurrent with his controllership role at Navistar, Locanto served as the Program Director of the finance and accounting leadership development program. This initiative provided a job rotation program to develop the leadership skills and technical competence of 15 newly-hired finance and accounting graduates every year.

Prior to his time at Navistar, Steve spent six years with Household International (now part of HSBC) as a Senior Internal Auditor, Financial Analyst and the Manager of Financial Planning & Analysis.

Locanto holds a Bachelor of Science degree in Accountancy from Northern Illinois University. He is a Certified Public Accountant, a Chartered Global Management Accountant and is a member of the Illinois CPA Society and the AICPA. Today, Locanto remains active in the ongoing career development of many aspiring professionals.

About Ace Hardware

For 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighborhoods across America, providing customers with a more personal kind of helpful. In 2014, Ace ranked "Highest in Customer Satisfaction with Home Improvement Retail Stores, Eight Years in a Row," according to J.D. Power. With more than 4,850 hardware stores locally owned and operated across the globe, Ace is the largest retailer-owned hardware cooperative in the world. Headquartered in Oak Brook, Ill., Ace and its subsidiaries currently operate 14 distribution centers in the U.S. and also have distribution capabilities in Shanghai, China; Panama City, Panama; and Dubai, United Arab Emirates. Its retailers' stores are located in all 50 states, the District of Columbia and approximately 60 countries. For more information on Ace, visit www.acehardware.com.

SOURCE Ace Hardware

Media Contact:

Kate Kirkpatrick
630-990-1478
kkirk@acehardware.com

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