Chicago-based hardware co-op True Value Co. promoted Eric Lane to the position of VP specialty businesses.

In his new post, Lane will oversee the co-op's Home & Garden Showplace, International, MRO - Maintenance, Repair and Operations, and the Rental Division including Grand Rental Station, Just Ask Rental and Taylor Rental.

Previously, Lane was business development director of retail growth. He replaces Fred Kirst, who retired Feb. 11.