Parts Town CFO Lori Sherwood has been named to Crain’s Chicago Business’ Notable Women Executives Over 50 list.
The award recognizes female leaders from disparate industries and backgrounds who are transforming Chicago.
“I am so humbled to receive this recognition from Crain’s and honored to be listed among such a strong group of powerful women leaders in the Chicago Area,” said Sherwood. “Parts Town’s culture inspires innovative ideas along with the courage to implement them. I’m privileged every day to lead this great team and I have fun doing it.”
Sherwood has served as CFO of Parts Town since 2014, leading finance and legal functions, and overseeing talent and culture.
She has an established tenure in finance and a knack for acquisitions, including integration of processes and culture.
Her relationships on the accounting, valuation and legal fronts have been instrumental to the company’s 30% organic annual growth rate, including spearheading the acquisition of 11 companies during her Parts Town tenure.
In 2016, she recapitalized Parts Town with new private equity funding in a transaction taking just two months.
Her string of bold business moves has helped Parts Town grow from 147 employees when she joined to more than 500 at their Addison, Ill. office, home of their 300,000-square-foot distribution center.
Parts Town said Sherwood’s focus on people is central to its culture and its growing business.
She is a formal mentor in the PT Holdings Women’s Network and participates in Parts Town’s Helping Hands community service initiatives, building gardens for elementary schools and raising funds for charities.