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Family Business Magazine, 1845 Walnut Street, Ste 900, Philadelphia, PA (2025)

01/02/2025

Meet our Family Business CEOs to Watch, Class of 2024!

James Diamond is CEO of Diamond Properties LLC, a company he co-founded with his brother, William Diamond, in 1995. Diamond Properties has acquired in excess of 125 properties, including office, medical, industrial, retail, residential, self-storage, recreation and lodging. The company currently owns in excess of 95 properties in 13 states, totaling more than 16 million square feet. William and James Diamond are also co-founders of Diamond Hospitality Group LLC, an owner and operator of family entertainment centers, RV parks and self-storage businesses.

In addition, Diamond is a director of RDI Inc., an electronics engineering and manufacturing company that he and his brother co-founded with their father, Robert L. Diamond, and another person, Barry Miller, in 1989. In 1998, Robert, James and William Diamond co-founded Xanboo Inc., an internet company that was sold to AT&T in 2010. In 2011, the father and sons co-founded Xeleum Inc., an LED lighting company that was sold to a private equity firm in 2019.

“Jim’s visionary approach to strategic planning, coupled with his ability to foster a culture of innovation, has been instrumental in driving sustainable growth,” says Peter Diakovasilis of BDO USA, a tax advisor to the company. “His commitment to transparency and open communication has built a strong, cohesive team that is aligned with the company’s mission and values. Additionally, Jim’s adeptness at navigating market challenges and seizing new opportunities has positioned the company for success in the real estate industry. His relentless focus on operational excellence has not only expanded the company’s market share but also enhanced its reputation.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-james-diamond/

12/06/2024

JB Brown’s great-grandfather was one of the three founders of Bremen Gray Iron Foundry in 1939. The company started out as a foundry and now is also a full machine and assembly shop. The company was renamed Bremen Castings in 1972 and rebranded as BCI Solutions, Inc. in 2020 to better reflect its motto, “Your Complete Manufactured Solution.”

Brown began at BCI working in all departments of the foundry during his high school summers and while attending Purdue and Indiana University. He received an executive management certificate from the University of Notre Dame and a general management certificate from the University of Texas-Austin.

Brown started his full-time career in his family business in 1993. He became company president in 2005 and CEO in 2020, succeeding his father, James E. Brown. He was named chairman of the board in 2021.

“While JB brings a wealth of knowledge and experience, he also has a youthful enthusiasm for what he does,” says Jordan Brown, the company’s executive vice president. “JB has continued to challenge the status quo, allowing for growth to take place for team members and the business.

“JB genuinely cares about all of the members of Team BCI and takes the time to get to know people. He is also a visionary that is constantly looking for what BCI should do next. Technology is a passion of JB’s, and he is constantly seeing what other ways technology can be incorporated into business so it can continue to grow and be here for future generations. JB’s visionary leadership and focus on people within BCI and the community is what allows BCI to continue to thrive and be successful.”

https://ow.ly/a0Gq50UmJar

12/05/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Ryan Plotkin is the president and chief executive officer of M-D Building Products, a manufacturer and distributor of home weatherization, flooring, sealant and specialty extrusion products. Family founded in 1920, M-D was purchased in 2007 by his father, @[Loren Plotkin](urn:li:person:Ns_oOMovue), who has worked at the company since 1983 and is chairman of the company.

Ryan Plotkin assumed the president role in 2021 and the CEO position in 2023. He previously served as chief operating officer. In that role, he oversaw a significant transformation of the company’s operations, including the integration of multiple plants, the launch of new product lines and the optimization of manufacturing processes. Earlier, he held various operational leadership roles throughout the company.

“Ryan has been with the business since 2009 in a broad range of roles and responsibilities,” Loren Plotkin says. “Starting in operations, he made significant progress in instituting many best practices for improved operational efficiencies. Midway through his career, he took two years and completed his MBA. Upon his return he quickly assumed the role of president and most recently added the title of CEO.

“Ryan has been involved in a strategic reorganization to increase focus on customers and diverse business channels. The company is well positioned to continue to grow as a domestic manufacturer of aluminum and vinyl products for both the consumer and OEM markets. The family is committed to growth and remaining privately held. Ryan’s younger brother, Josh Plotkin, is a trusted partner for Ryan and serves in an executive VP role.”

https://ow.ly/Aj4V50UlYy3

12/03/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Timothy Hemstreet is following the careers of his grandmother, uncle and father at rubber manufacturer West American Rubber Company (WARCO).

Hemstreet, who has been with the company for 22 years, is focused on building upon a successful organization staffed with talent to propel the 114-year old company to new heights during its second century of operation.

Hemstreet began his career at WARCO in marketing and sales. His responsibilities evolved in product development and operations, and he subsequently became a part of the executive management team.

The organization has nearly doubled its EBITDA since Hemstreet began his current role in 2019. Currently he is developing and deploying strategies to add new products and rubber manufacturing capabilities to tap additional market opportunities.

Hemstreet graduated magna cm laude from California State University Fullerton, earning a bachelor of fine art degree with an emphasis in drawing and painting.

“Timothy has led a tremendous turnaround of his family’s business since becoming CEO,” says Timothy Schultz, director of the California State University Fullerton Center for Family Business. “He has brought focus to their strengths and created a resilient manufacturing company that is able to thrive in an incredibly competitive environment.”

“Our most valuable resource is our team at West American Rubber Company,” Hemstreet says. “The people at WARCO are at the heart of everything we accomplish. I am committed to fostering a positive and supportive work environment where our people’s skills are nurtured.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-timothy-j-hemstreet/

12/02/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Paul Thompson is the chairman and CEO of Country Club Bank, a $2.2 billion family-owned commercial bank with 20 locations in the greater Kansas City area. Country Club Bank also operates a wealth management division that includes Country Club Trust Co., which has $2.7 billion in assets under management as of June 30, 2024; CC Capital Advisors; Capital Markets Group; and Asset Management Group.

During a banking career that spans over 40 years, Thompson has held several prominent industry leadership roles. From 2014 to 2018, he served as a Class A director on the board of directors for the Federal Reserve Bank of Kansas City. He was chairman of the Missouri Bankers Association in 2008–09. Thompson has also been an active member of the American Bankers Association, serving on the ABA Accounting Committee, ABA Community Bankers Council, ABA Membership Committee and ABA Government Relations Council Administrative Committee.

A licensed CPA in Missouri, Thompson earned a finance degree from Creighton University and an MBA from Rockhurst University. He is a graduate of the Colorado Graduate School of Banking and served as a trustee of that school from 2010 to 2019.

“Growing under the mentorship of our father, the former chairman, and now guiding the bank in collaboration with our siblings and the third generation, Paul reflects a commitment that bridges our family’s legacy with the future of banking,” says his sister Mary O'Connor, the bank’s executive vice president.

“Under Paul’s leadership, Country Club Bank has an outstanding track record of financial stability and growth, highlighted by 153 consecutive quarters of profitability. This achievement is not a product of good fortune but of prudent financial management and strategic decision making. The bank is consistently recognized for its financial stability, underscoring a disciplined approach to financial governance and risk management that assures stakeholders of the bank’s health and long-term viability.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-paul-j-thompson/

11/22/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Steven Lopes grew up in his family company, L&M Corrugated Container Corporation, which designs, manufactures and distributes packaging material. He began his career in 2006, starting on the shop floor as a machine assistant in Zion, Ill., in what was then the company’s only location. Later in 2006, L&M expanded with a facility in Platteville, Wis. Lopes oversaw the management and sales growth of that plant, taking it from startup to $5 million in sales annually in the first five years. In 2012, he was instrumental in the move of the original Zion facility to a new 100,000-square-foot facility in Pleasant Prairie, Wis.

After working in almost every position during his time with the company, Lopes officially took over as president in 2022. He continues to lead the organization, which was founded in 1979, with a focus on innovation and commitment to continuous improvement, consistently adding new state-of-the-art pieces of equipment.

“Steven has served in just about every role there is at L&M,” says Donna Marino, a family business executive coach and psychologist. “He has ensured that the company stays true to its values and begins every leadership team meeting with each leader choosing a value to discuss, with examples of how the company demonstrates those values. Steven puts employees first and wants them to pursue their dreams. He cares deeply about customer service and is always willing to make things right. He steadfastly believes in leadership development and supports the continued education of his staff both by bringing in outside consultants to teach and coach the staff as well as offering reimbursement for educational expenses. He is also dedicated to his own continued growth as a leader, participating in his own leadership development activities.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-steven-lopes/

11/21/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Kenneth Lebersfeld, CEO of Capitol Lighting, works alongside his brother and two cousins. The business, founded by his great-grandfather, originally converted homes from gas to electricity in the early 1900s. As Lebersfeld describes it, “Back then, we were an industry disruptive tech startup.” In 1924, Lebersfeld’s great-grandfather opened a retail lighting showroom and called it Capitol Lighting. Today the enterprise includes seven retail stores, a commercial supply showroom and an e-commerce business. The product offerings have expanded to included mirrors, rugs, furniture and accessories.

Lebersfeld assumed the CEO role in 2008, at the start of the Great Recession. “With his innovative thinking and strategic decision making, Ken navigated the company through these turbulent times,” says his brother, Eric Lebersfeld, the company president. “He made tough but necessary choices that ensured the company’s survival and eventual prosperity.” The moves included hiring a new controller and a new accounting firm, streamlining operations, cutting expenses and creating new variable expense business models.

“Recognizing the importance of bringing in external expertise, Ken has made strategic hires to fill critical gaps in the family’s leadership structure,” Eric Lebersfeld says. “Notably, his recruitment of a highly skilled CFO and COO has been instrumental in strengthening the company’s financial, sales and operational foundations. These key appointments have complemented the existing leadership and driven the company to new heights.”

https://ow.ly/6GHY50Uc3eN

11/21/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Kathryn Poehling Seymour was named CEO and president of First Supply LLC in 2020, succeeding her father, Joe Poehling. The company, founded in 1897 as a plumbing supplier, now is a wholesaler serving numerous channels, including plumbing, HVAC, PVF, industrial, waterworks, and kitchen, bath and lighting. It has 53 facilities in Wisconsin, Minnesota, Iowa, Illinois, Kansas and Michigan.

Poehling Seymour, the company’s first female CEO, has a background in accounting and a J.D. from Notre Dame Law School. Prior to her roles at First Supply, Poehling Seymour was a tax consultant at Deloitte. At First Supply she began in sales and then became chief operating officer of the kitchen and bath stores division.

Among other industry leadership roles, Poehling Seymour was the 2023 president of the American Supply Association and is currently the 2024 chairperson. She is a board member of the National Association of Wholesaler-Distributors.

“Since taking over, she has grown sales and revenue within the company, created policies to benefit our employees, took the lead on our company’s biggest project to date and has had a huge impact on company culture,” says Jessica Lawrence, executive assistant at First Supply. “She has prioritized policies that improve our work environments for all employees, with a main focus on mothers in the workplace, changing outdated policies to make First Supply a comfortable place to work. Katie’s involvement with our employees allows her to make changes that are crucial for not only our team but our customers and vendors.”

https://ow.ly/Yjqj50Uc378

11/20/2024

Meet out Family Business CEOs to Watch, Class of 2024!

Nisha Baugher-Carrow is the CEO of Baugher Ranch Organics, which handles over one-third of all California organic almonds. The company was founded more than four decades ago by her parents, Chris and Marcie Baugher. Under Nisha’s leadership, Baugher Ranch has grown from a small family operation to a trusted partner to businesses of all sizes.

Baugher Ranch has seen significant growth and evolution with Nisha at the helm. The company has expanded its product offerings, improved sustainable farming practices and achieved various certifications for quality and food safety. Notable milestones include advancements in postharvest tasks, such as sorting, cleaning and packaging of almonds.

“Nisha has led her family’s business through a transition from first to second generation, installed a state-of-the-art almond processing facility and is building an outstanding leadership team comprised of family and non-family talent,” says Timothy Schultz, a member of Baugher Ranch’s board. “She has also led a professionalization of their governance systems, bringing on two non-family board members to advise her through the transition.”

https://familybusinessmagazine.com/uncategorized/family-business-ceos-to-watch-2024-nisha-baugher-carrow/

11/18/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Kenny Crofton began working at Crofton Diving Corporation, which his father founded in 1949, as a young teenager in the 1970s. After graduating from high school a year early, he joined his father, Juan Crofton, and two brothers at the company. He gained field experience as a commercial diver and worked with his family to expand the company’s service capabilities beyond commercial diving to include marine construction, barge and tug services, and crane rental and rigging.

Beginning in 2020, the second and third generations of the Crofton family identified the company’s core values: Relationships, Integrity, Safety and Excellence. “Since Kenny has taken the helm, Crofton has developed a monthly values program, which introduces our team to Values Based Leadership and Crofton Core Values as well as other topics like communicating effectively, giving and receiving feedback, and situational leadership,” his daughter says.

Crofton has invested in the company’s growth by acquiring new assets like a 350-ton crawler crane with a 700-ton ringer attachment and a remotely operated vehicle. The company has refurbished 1,100 linear feet of waterfront at its facility in Portsmouth, Va., to improve operational efficiency. The company, which began 2024 with 165 team members, is projected to end the year with more than 225.

“Kenny is an approachable and genuine leader, with a vision for what he wants to accomplish and an open mind on how to get there,” says Amy Perry, the company’s human resources director.

In April 2023, Kenny Crofton’s three older siblings, Camille, Jay and Bob Crofton, retired after working together for over 40 years, and he took on the role of sole owner and president.

“While it would have been easy for Kenny to rest on his laurels, he embarks on this new chapter with tenacity and enthusiasm, pushing the company to new heights,” says his daughter Camille Crofton Cherry, the company’s marketing director. “Whether it be strategic planning, our safety culture, or making decisions in alignment with our core values, Kenny is challenging our status quo.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-kenneth-j-crofton/

11/15/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Jennifer Lahoda is the CEO of Pacific Resource Recovery (PRR), a waste management company founded by her mother and grandfather 30 years ago in East Los Angeles. PRR specializes in fuel blending, a waste-to-energy process that converts flammable industrial waste into supplemental fuel for powering cement kilns.

Before joining the family business, Lahoda spent eight years as an entrepreneur and four years in non-profit development. In 2012, she assumed the role of HR director for both of her family’s companies: Ellis Paint Company, an industrial coatings manufacturer, and PRR. Her strategic vision and leadership were instrumental in the successful growth and sale of Ellis Paint Company in 2018.

In 2019, Lahoda became the third generation to lead PRR. In 2022, PRR was named a Best Place to Work by the Los Angeles Business Journal.

Evan Cramer, CEO of Willey FamilyVentures/UCW Logistics in Greenville, S.C., has participated in a YPO family business forum with Lahoda. “Her career did not start in the family business, but once she took a role in the human resources department, she began to see a role for herself leading the company and giving back to her family,” Cramer says. “The family and the company have a great story in the development of modern Los Angeles, and Jennifer pays tribute to that every day with the way that she manages her current team and builds for the future. I believe that Jennifer is a great model for family business leaders of how to navigate family dynamics while also giving full attention to the needs of the business and the business’s stakeholders.”

“When I talk about my journey to becoming the CEO of PRR, I often joke that I am a ‘reluctant’ third generation-leader,” Lahoda says. “As a child, I always admired my mother for being such an incredible force in an industry that few women were a part of, but I could not see how my love of art, fashion, party planning and theater would lead me to the business world, let alone in the hazardous waste industry. In many ways, the fact that I spent my early career outside of our family business gave me an advantage, because I was able to make mistakes and learn lessons on my own time and grow comfortable in my own skin before taking on a role in the family enterprise. The years that I spent as a creative entrepreneur and in non-profit development shaped my approach to leadership, team building and community engagement. I am so grateful for those experiences.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-jennifer-lahoda/

11/14/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Varish Goyal leads Vintners Distributors Inc, a fuel retailer in the San Francisco Bay area; Au Energy, LLC, a fuel wholesaler and retailer in the San Francisco Bay area; and Loop Neighborhood Markets, located across California. As president and CEO of these companies, he has overseen significant growth, particularly at Vintners Distributors, which has become one of California’s largest gas service operations. He has focused on integrating technology and enhancing customer service.

“Over the past 15 years, I have had the privilege of watching Varish grow into the strong leader that he is today,” says his brother Kpish Goyal, legal counsel for the business. “When it comes to steering our family business, Varish has always led by example. His vision for Vintners Distributors, Au Energy and Loop Neighborhood Markets is not just about business growth; it’s about upholding the core values our parents instilled in us — integrity, hard work and a commitment to our community.

“Working alongside Varish, I’ve witnessed firsthand his dedication to innovation and excellence. He doesn’t just make decisions; he guides us through challenges with a steady hand and a clear vision for the future. Varish’s ability to balance the needs of the business with a deep sense of responsibility toward our employees and customers is what truly sets him apart. He’s not just a CEO; he’s a steward of our family’s legacy, ensuring that the business thrives while staying true to the principles we were raised with. It’s inspiring to see how Varish mentors and empowers everyone around him, from our team members to the younger generation in our family. I couldn’t ask for a better role model and leader of our family’s enterprise.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-varish-goyal/

11/13/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Arin Emmert began her career in the automotive industry at age 17 as an office assistant and receptionist in her family business. She then learned the roles of cashier and service writer.

She attended Creighton University in Omaha, Neb., earning a degree in entrepreneurial management with a minor in Spanish. During the summers while home from college, she was a traveling service advisor for the Fremont Group (Fremont Motor Company).

After college, she took a job with Toyota Motor Sales, USA. She started in Torrance, Calif., as a management trainee and then moved to Toyota’s New York region, where she served as a district service and parts manager in Upstate New York. A promotion brought her to New York City.

“After three and a half years in New York, I returned to Wyoming and worked as service director for the Fremont Group,” Emmert says. “I traveled to all dealerships assisting with service processes and procedures, focusing specifically on service profitability and customer satisfaction. In 2015, I became sales manager/general manager for the Fremont Volkswagen location in Casper, Wyo. Midway through 2016, I was transferred to general manager of the Lander Ford/Dodge location, the original dealership of the Fremont Group.

“In 2018, I became director of operations for the Fremont Group, focusing on all internal dealership processes, customer retention, market share, customer satisfaction and profitability. In 2021, I became CEO of Fremont Motor Companies and dealer principal for all locations.”

“From the outset, Arin has demonstrated an extraordinary level of commitment and passion for the automotive industry,” says Jean Santos of Business Consulting Resources. “Her diverse experience, including her tenure with Toyota Motor Corporation and various positions within the family’s dealerships, has equipped her with a deep understanding of the business from the ground up.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-arin-emmert/

11/13/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Mike Coyne and his two siblings lead their family business, Coyne Oil & Propane, which has been serving the propane, fuel and lubricant needs of residential, commercial and farm customers since 1930. Now in its fourth generation, the company traces its roots back to their great-grandfather, who started as a Standard Oil agent.

Since returning to the family business in 2014, Coyne has doubled the company’s size and made two significant acquisitions.

“Two years ago, Mike took on the title of president, as his uncle and father have stepped away from day-to-day operations,” says private wealth advisor Kevin Michalzuk of The Michalzuk Group at Morgan Stanley Private Wealth Management. “Mike successfully navigated the family dynamics and earned the respect of the 140 employees. Shortly after taking over, he led the strategic process of acquiring Avery Propane, a company of equal size. His guiding principle of ensuring unanimous support among the stakeholders on big decisions had him lean into difficult discussions, which ultimately led to all stakeholders supporting the acquisition and helping a fellow family-owned business navigate their own legacy and transition. Today, the success of the Avery Propane acquisition has led to more strategic acquisitions, record sales and profits.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-mike-coyne

11/11/2024

Meet our Family Business CEOs to Watch, Class of 2024!

Kari Rihm took over as CEO of Rihm Family Companies after her husband passed away. The enterprise, founded in 1932 as Rihm Motor Company Inc., employs more than 350 people in 21 locations and includes Rihm Kenworth, the second-oldest continually operated Kenworth truck dealer in the world; RMC Truck Parts, a genuine and aftermarket parts sales company; Rihm Leasing, a truck rental and leasing company; and Rihm Global Sales, which handles international truck and parts sales and service training.

“My husband, the former company owner, John W. Rihm, was diagnosed with brain cancer in June 2010 and lost his life four months later. When he died and I became the owner, I had two choices: sell the company or run it,” Rihm says.
“Although I had a former career in marketing communications and an MBA, I had been out of the workplace for 16 years raising our family. But I chose to run it because it was a way to remain close to my husband’s life work, give me renewed purpose and keep an integral part of my family’s heritage and identity. It would have been very difficult to part with it.”

“She’s taken the reins and grown the company to become the largest women-owned business in Minnesota,” says Jon Keimig, executive director of the University of St. Thomas Family Business Center. “She’s done this as a female leader in a very male-dominated industry and has become a role model for other women CEOs. She’s also creating opportunities for other women in trucking to create their paths forward. The culture instilledat Rihm is top-notch, because Kari cares so much about the people who work on her team.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-kari-rihm/

11/11/2024

[WEBINAR]The Successful Family Business CEO
Thu, Nov 14, 2024 2:00 PM EST
Being a successful family business CEO requires a combination of business acumen, leadership skills and an understanding of the unique dynamics that come with running a family-owned enterprise. Each year, Family Business Magazine recognizes business CEOs for their exceptional leadership skills, and we feature them in our November/December issue.

To complement this special feature, three of the CEOs will join us for a webinar discussion on the unique challenges and opportunities of leading a family-owned business. Register today! https://globalmeet.webcasts.com/starthere.jsp?ei=1696136&tp_key=11610145e3

11/07/2024

Transitions Fall has officially started!

11/04/2024

Alysha Loumakis-Calderon is president and CEO of ISYS Solutions Inc., which operates two businesses: ISYS Case Management and CareerSmart Learning. ISYS, founded in 1998 by her father, Chris Loumakis, provides nurse case management services to the workers’ compensation industry. CareerSmart Learning, launched under Loumakis-Calderon’s leadership in 2010, provides online continuing education to licensed healthcare professionals throughout the United States.

During Loumakis-Calderon’s tenure as CEO, the company has doubled in size and expanded into new geographic service areas. Under her leadership, the company established a charitable activities committee, later rebranded as the Pay-It-Forward program, which creates opportunities for employees, customers and the company to contribute to causes important to them. She also established the Leadership Learning Lab program to help develop and cultivate new leadership talent.

Among other community service activities, Loumakis-Calderon is chairman of the board of directors of Family Enterprise USA (FEUSA), a non-profit that advocates on Capitol Hill for family businesses and the value they bring to the economy and local communities in which they serve.

“Alysha has helped FEUSA become more professional and strategic,” says Pat Soldano, FEUSA’s president. “She is thoughtful in her approach to business as well as the role her family, and other families, play in the business. She considers the impact of policy on the business, but also on the family, employees and the community.

“She has been very helpful to us at FEUSA by speaking out about the mission. She regularly comes to D.C. to meet with members of Congress and attends the Congressional Family Business Caucus meetings. She encourages and inspires others to talk to their members of Congress about their businesses and to become involved in the bipartisan legislative process.”

https://familybusinessmagazine.com/ceo-to-watch/family-business-ceos-to-watch-2024-alysha-loumakis-calderon/

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