A more than 100-year-old company of this size that has no debt is a credit to generations of outstanding management
House-Hasson Hardware has named Steve Henry as the company’s new credit manager, announced President Don Hasson. Henry takes the place of Ken Hines, who is retiring this year after serving 31 years with House-Hasson.
“Steve has an extensive and accomplished banking background, which is important experience in making credit decisions affecting our customers and our company,” Hasson says.
House-Hasson does approximately $170 million in annual sales, with accounts receivable of more than $15 million and more than 2,400 accounts. House-Hasson has customers in 17 states and the Caribbean.
“House-Hasson is known as an exceptionally well-run company and I’m excited and pleased to be part of it,” Henry says. “A more than 100-year-old company of this size that has no debt is a credit to generations of outstanding management and service to the dealers who are part of the House-Hasson team.”
A Lenoir City, Tenn., native, Henry, 54, graduated from the University of Tennessee with a degree in business. He also completed the LSU Graduate School of Banking in Baton Rouge, La., the Tennessee School of Banking and the Southeastern School of Commercial Lending, both on the campus of Vanderbilt University in Nashville, Tenn.
Henry rose to the position of an East Tennessee county regional president for two major banks. He moved from banking into the mortgage business. He said that his banking experience translates well to serving as House-Hasson’s credit manager, where he supervises a staff of six.
“Documentation, processes and the responsibilities of the people who work in this area are very similar to banking,” Henry says. “My responsibility is to ensure that decisions are made in the best interest of our dealers and House-Hasson. Our department is responsible for the entire portfolio of all customers who are buying from us.”
Ken Hines is working alongside Henry as he becomes familiar with the nuances of the hardware industry.
“This is a fascinating business,” Henry says. “We have customers from New York to the
Caribbean islands. When someone in lower Mississippi wants to buy a drill bit it’s amazing what is required to get it into their hands. Multiply that times thousands of customers and tens of thousands of products and it’s really impressive how it all comes together.”
Source:NRHA – Hardware Retailing.