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Orchard Supply Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection

Orchard Supply Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection

Orchard Supply Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection | Trade Risk Strategies: 1-844-315-4985 

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Orchard Supply Hardware CEO resigns

Rob Lynch, who was CEO and president of San Jose-based Orchard Supply Hardware for nearly seven years, has resigned to become chief operating officer and president of Lumber Liquidators, a Virginia hardwood flooring retail chain.

In announcing Lynch’s resignation Monday, Orchard Supply said it will temporarily be led by Allen Ravas, former chief financial officer of Sears Canada. Ravas, who will become chief administrative officer and a member of the board, was an Orchard Supply board member in 2008 “and knows the business well,” a company statement said. A national search firm is helping to look for a new president and CEO, the statement said, adding that the board “is dedicated to finding a new leader to drive profitable growth that will benefit our customers, employees and suppliers.”

Starting as a farmers cooperative in 1931, Orchard Supply now has 89 California stores offering home improvement and gardening products.

Lumber Liquidators, based in Toano, Va., calls itself the largest specialty retailer of hardwood flooring in the United States. A statement issued by that company said Lynch will take over as COO there on Jan. 17.

Bankruptcy Protection on Orchard Supply is Available | Call Trade Risk Strategies: 1-844-315-4985 

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