Sphere 1, a cooperative of tool, fastener and concrete accessory distributors, named a new President to take post in May and eventually assume the role of CEO at the end of 2026. 

Mike Shumard has been with Sphere 1 as Executive Vice President since July 2016 as a part of the succession plan of longtime CEO Rob Moe, who will retire in 2027.

Shumard has more than 20 years of leadership, sales and executive operations experience.  Before joining Sphere 1, Shumard served as the Executive Director for two large organizations as well as the VP of Sales for The Gavel Group/Winspire Inc. 

Moe will remain CEO until he transitions to a support role on Dec. 31, 2026. His formal retirement will be at the end of 2027.

Moe joined the cooperative in 2015.

“After what will be 43 years in this industry and more than 12 years at Sphere 1, It’s time for me to get out of the way,” Moe said in a March 6 news release. “It gives me great joy and comfort to know that the leadership of Sphere 1 as a cooperative will be in Mike’s hands. He has more than earned this opportunity and will take this organization to new heights.”  

(Left to right: Rob Moe and Mike Shumard. Photos courtesy of Sphere 1)