We are very pleased to introduce Mike LoRicco as the latest addition to the HBT management team. Mike joins us as General Manager.
Mike's considerable skillset will be of great benefit to HBT. He was recruited by Tim Starkey in April this year as part of our succession plan and not due to start until February 2017, but after the terrible loss of Tim last month, Mike has agreed to move his start date forward.
Mike comes to us with great credentials. He has been a store owner and manager in the hardware industry for 40 years. Mike's Canada Bay store was one of the founding members of HBT. Mike is currently the Vice Chairman of Hardware Australia and over the last few years has been working as a consultant to a number of large Hardware & Building Supply operations specialising in pricing management, human resources policy and systems implementation. He has also previously worked for Resurg as a facilitator for store performance groups in the hardware and grocery sectors, so he will most likely already be well known to many of you.
Mike's early focus will be on providing support to our buying team in Melbourne. In particular he will concentrate on improving our deal terms with our Timber and Building Materials suppliers.
As we now have 2 Mike’s in HBT, he will affectionately be known as “Mike 2”.