Friday, May. 05, 2017, 03:52 PM UPDATED 12:23 PMBy Auto Remarketing Staff
COMMERCE, Colo. -
Hourglass Management Corporation (HMC) recently announced that its chief executive officer, Ron Shoemaker, will transition to board chairman.
His son, Chad Shoemaker, who joined the company in 2009 and has served as president since 2011, will assume the role of chief executive officer.
“It is a great pleasure that we announce the promotion of Chad to CEO of our companies. For the past 8 years Chad has embraced our business models and added tremendous value to our company’s visions. His attention to detail is second to none and we are all very excited to continue our journey with Chad as CEO,” Ron Shoemaker said in a news release.
As chairman, Shoemaker will still be active in all of the businesses. HMC said he will mostly be working on a new non-profit venture, the Hourglass Foundation, which he co-founded with his son.
According to HMC, the Hourglass Foundation aims to serve at the local and individual levels by working with grassroots organizations to help them reach their goals and fill immediate needs.
“The foundation supports those who have experienced life-altering or traumatic events in their lives,” Shoemaker said.
“Our passion is to mentor and strengthen individuals by providing opportunities and a support network for life advancement. To achieve our mission of ‘Lifting others, one person at a time,' we support nonprofit organizations that provide educational, financial and spiritual renewal to those in need at the individual level.”
The work the foundation has already done includes donating a Dodge mini-van to a center for at-risk middle school and high school girls in Pensacola, Fla.
HMC said “the van provides safe transportation to events for these young women and allows them to participate in activities that were not accessible previously.”
Funding for the foundation is in part supported by vehicle donations from companies and individuals.
Additionally, HMC announced that Janet Smail will serve as the foundation’s executive director. She brings over 17 years of experience, having held a variety of management roles at Flexco.
“Janet is well-positioned to advance the Foundation’s agenda and professionally handle any of the challenges that lie ahead,” HMC added.
For more details about The Hourglass Foundation visit, thehourglassfoundation.org.