Former Ace exec moves on

Ron Knutson, the former VP finance at Ace Hardware joined Frozen Food Express Industries as CFO.

Knutson is a certified public accountant and most recently served as vp-finance at Ace Hardware. He has also served as CFO and treasurer at Mascal Electric and has nine years of experience in public accounting at KPMG, where he was a senior manager.

"Ron is going to be a great addition to our senior management team as we shape our company to move forward in these turbulent times," said Mit Stubbs, chairman and CEO of FFE. Frozen Foods Express is a publicly owned temperature-controlled carrier of perishable goods.

Knutson's tenure at Ace coincided with the discovery of an accounting error that stemmed from a significant dollar difference between the company’s general ledger inventory balances and that of its perpetual inventory records. That dollar difference was about $150 million.

In March 2008, Ace named Dorvin Lively as chief financial officer.