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Eric Smidt
Eric Smidt is an American businessman. He is Chairman and CEO of Harbor Freight Tools, which operates over 600 retail hardware stores in 47 states〔(Harbor Freight store locator map )〕 and generated revenue of approximately $2 billion according to an April, 2012 Moody's Investors Service report.〔(Harbor Freight Moody's Report )〕
==Biography==
Eric L. Smidt was born in Los Angeles, California in 1960 to Allan Smidt and Dorthy Smidt. He attended Grant High School in Van Nuys, a suburb of Los Angeles. In 1977, as a teenager, Smidt started Harbor Freight Tools with his father in a small building in North Hollywood, California. Originally known as Harbor Freight & Salvage Co., the company began as a mail-order tool business. Eric introduced the company's defining innovation of cutting out the middleman and began to source tools directly from the factories to the customer.
In 1985, Smidt was named president of the company at the age of 25; he served under that title until 1999 when he became CEO.〔(About Harbor Freight )〕 In 2001, Smidt was listed as one of Ernst & Young's Entrepreneurs of the year.〔(Los Angeles 2001 Ernst & Young Entrepreneurs of the Year 2001 )〕
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