Home Hardware Stores Limited Elects New Chairman

    ST JACOBS, ON, April 24 /CNW/ - Jim Schaefer Sr. of Bradford, Ontario has
been elected Chairman of the Board of Directors of Home Hardware Stores
Limited, Canada's largest independent hardware, lumber and building materials
and furniture retailer. He replaces Ron Goldade of Neepawa, Manitoba, who
retired after serving 19 years as a Board member and seven years as Chairman
of the Board.
    "It is a tremendous honour to represent more than 1,000 independent Home
Hardware Dealers across the country," says Jim. "Home Hardware offers the
strongest program for independent Dealers in the industry. I look forward to
working with the Board of Directors, and the best management team in the
business, to help Home Hardware continue to grow and prosper."
    Jim, together with his wife Else, daughter Holly Mohr and son Jim
Schaefer Jr., has owned and operated Bradford Home Hardware since 1978. He has
served on Home Hardware's national Board since 1999. In addition to serving on
the Board for the past ten years, Jim also served at Chairman of the Audit and
Security Committee
    "Jim exemplifies the spirit of the independent business owner in Canada,"
says Paul Straus, Vice-President and CEO, Home Hardware Stores Limited. "Like
all Home Dealers, he is enthusiastic, entrepreneurial, and demonstrates a
remarkable business savvy. I look forward to working closely with Jim to help
our Dealers continue to be successful in their businesses."
    Home Hardware operates as a cooperative, meaning that all Dealer-Owners
are shareholders in the company. The Board of Directors includes 16 Dealers
who are elected by the membership and the Chair who is elected by the Board

    Home Hardware Stores Limited is Canada's largest independent hardware,
lumber and building materials and furniture retailer with more than 1,000
stores across Canada, under the Home Hardware, Home Building Centre, Home
Hardware Building Centre and Home Furniture banners. Dealers have access to
100,000 quality brand name and private label products and the company has
annual retail sales of $4.85 billion. The cooperative was founded on January
1, 1964 by 122 independent hardware Dealers.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/

For further information:

For further information: Jim Schaefer Sr. at (905) 775-6355, or Claire
Trainor, Home Hardware Stores Limited, (519) 664-2252

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