Community General News - Members & Suppliers Sphere 1 Update

March 6, 2024

Sphere 1 Announces New President, Eventual CEO Change

Sphere 1, Inc. is excited to announce Mike Shumard as President of Sphere 1, effective on May 1, 2024. 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. Shumard will assume the CEO position at the end of 2026.  

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. As a seasoned executive, Mike’s unmatched vision for strategy and innovation will play a pivotal role in driving Sphere 1’s growth and development.  

“Mike is someone that has become a vital part of our leadership team, and without him, we would not be where we are today as a cooperative.” said Moe. “I am confident that because of Mike’s dedication to this cooperative, and with his vision for the future, we can be certain about the opportunity for growth and success as we look at the future for Sphere 1.” 

Shumard expresses gratitude and enthusiasm in taking on this new leadership role, stating, “I am honored to step into the President role at Sphere 1 and lead this exceptional team and membership. This company has an incredible history of exceeding its goals and changing industry standards for the better. I want to build on our tradition of innovation, and look forward to working alongside our incredible family of members and suppliers. 

With this announcement, Sphere 1 also announces Rob Moe’s impending retirement, with his official transition process beginning 12/31/2026. Moe will remain CEO at Sphere until 12/31/2026, where he will then transition to a support role for Sphere 1 until his formal retirement at the end of 2027. Moe has been instrumental in growing and strengthening the cooperative since joining in 2015. His leadership and expertise will be greatly missed, but in his own words, “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. 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.”  

Sphere 1 is a member-owned cooperative founded in 1999. It’s a cooperative of tool, fastener, and concrete accessory distributors working together to achieve competitive and sustainable advantages in our marketplace. The group is focused on driving growth and strengthening the business of its members and preferred suppliers through an ongoing system of training, education, and innovative events.  

For more information, contact Nora Henle, Director of Marketing and Events, at (313)930-2378.