House-Hasson Hardware’s board of directors unanimously voted to make Steve Henry the new president of House-Hasson Hardware, America’s largest independent regional hardware distributor.
House-Hasson’s leadership change follows the February 15 death of company President Don Hasson. Henry has served as House-Hasson’s executive vice president since March 2017.
The announcement of Henry as House-Hasson’s new president was made by James K. Hasson, House-Hasson board chairman, who said that it fulfills a succession plan designed by Don Hasson.
“Don recognized Steve’s outstanding abilities years ago and prepared him well for the leadership of the company,” Hasson wrote in a letter to employees, shareholders, dealers, vendors and other friends of House-Hasson Hardware Company. “Steve has been, and will remain, assisted by an exceptional group of managers, sales personnel, distribution, purchasing, finance and administrative employees, drivers and others, and we have great confidence in Steve’s leadership of this team.”
Henry said his goal will be continued focus on Don Hasson’s mantra, that “dealer profitability is the basis for everything we do.”
Said Henry, “Don was a great leader and a driving force in the industry. While many other independent hardware distributors were disappearing in changing economic conditions, under Don’s leadership House-Hasson instead grew and thrived, enabling our customers— independent hardware store and lumberyard dealers—to grow and thrive as well.
“It’s an honor, and humbling, to be chosen to lead such a great company,” he added. “I’m grateful to the board for this opportunity, and to everyone involved with House-Hasson in helping me along the way.”
Henry joined House-Hasson in 2010, as the company’s credit manager. In 2017, when Henry was named executive vice president, Don Hasson said, “Steve has proven himself to be a gifted administrator and talented executive. As executive vice president he will be primarily responsible for the day-to-day operations of the company, at which I believe he’ll do an excellent job.”
Henry is a Lenoir City, Tenn. native, and earned his business degree from the University of Tennessee. He has also completed the LSU Graduate School of Banking in Baton Rouge, La., and the Tennessee School of Banking and Southeastern School of Commercial Lending, both on the Vanderbilt University campus in Nashville, Tenn.
Before joining House-Hasson, Henry served as county regional president for two major banks, then moved from banking into the mortgage business.
“My background in finance, coupled with the last 11 years under Don’s tutelage working with hardware store and lumberyard dealers, is dual experience I will continue to ensure is of value to our dealers,” Henry said. “I couldn’t be more optimistic about the future of House-Hasson.
House-Hasson Hardware, founded in 1906, has grown to serve more than 2,500 independent hardware store and lumberyard dealers in 23 states and the Caribbean Basin. House-Hasson’s annual sales are above $200 million. The company has more than 55,000 items in its two warehouses in Knoxville, Tenn., and Prichard, W. Va.
In his letter, James K. Hasson said, “As it has for more than a century, the company will continue to provide excellent service to our dealers, and we are looking forward to maintaining and expanding the support of our, and your, employees, and the communities in which all of us conduct business as we plan for the next 100 years (and more) of successful operation.”