Patrick CEO Named Chairman of the BoardPosted: Updated:
The chief executive officer of Elkhart-based Patrick Industries Inc. is adding to his leadership duties. The company's board of directors has appointed Todd Cleveland chairman of the board. He has already served as a member of the board. Cleveland succeeds Paul Hassler as chairman, though Hassler will continue to serve as a director.
The board has also appointed Scott Welch as its lead independent director. The company says both appointments are effective immediately.
Hope is Not a Plan
This is sobering. A local business broker in Indianapolis reports nine out of 10 business owners who want to sell are turned away. Of the one in 10 that does make it past the first analysis to sell, over half of those company owners don’t get the sale price they hope for or believe the business is worth. Bottom line, hope is not a plan if you want to sell your business.
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