Elliott Electric Supply, Nacogdoches, TX, introduced a new board of directors that reflects their focus on internally-directed management of the business. Elliott managers make up six of the seven board members. Rusty Rust, president of Commercial Bank of Texas, is the only non-employee. Robert Flores was elected chairman, and Bill Elliott was elected president. The remaining four board members are Phil Hale, Doug Blevins, Greg Fitzgerald, and Chris Petty.
Among other business, Blevins, Rust, and Elliott were appointed to a search committee to identify a replacement for Elliott. With more than 50 years invested in the company, Bill feels that his age dictates the need for a younger person in his role. He will remain with the company until the new president is comfortable in their position. Local management with centralized support has allowed Elliott Electric Supply to achieve phenomenal growth with no debt. They believe this board of directors understands the business and will create additional opportunities for success.
“Even though Elliott Electric has always been open to new ideas and discussion, we now have an outstanding opportunity to inject diverse perspectives and opinions into a focused, decision-making process,” Bill Elliott said in the press release. “It’s impressive to realize that the people included in this board who will lead our company have over 200 years of collective experience in the electrical industry.”
Started in Nacogdoches, TX in 1972, Elliott Electric Supply hosts over 170 locations in 11 states, with annual sales exceeding $2 billion. They are ranked 8th largest electrical distributor in the nation by Electrical Wholesaling in their June 2023 edition.
Elliott, the company’s founder, was NAED’s 2009 Arthur W. Hooper Achievement Award recipient, which is presented to an individual who has an exceptional career in distribution and has had a positive impact on NAED and the industry. Rust has served as the president of Commercial Bank of Texas since 2013. Rust had become the 134th chairman of the Texas Bankers Association, the nation’s largest state bankers association.
Flores is Elliott Electric Supply’s chief financial officer, and has been with Elliott for 38 years. He oversees the Credit, Accounts Payable, and Legal Departments. Hale is the company’s chief information officer and has been with the company for 36 years. Hale is responsible for a team of software developers, web and app developers and employee helpdesk troubleshooting.
Blevins, Fitzgerald and Petty are regional managers who oversee large portions of the company’s business. Blevins has been with Elliott Electric Supply for 37 years and is responsible for 29 stores in the Dallas/Fort Worth Metroplex. Fitzgerald has been with the company for 33 years and has 20 branches in Houston, TX; Atlanta, GA and Nashville, TN. Petty has been with Elliott for 30 years with 32 locations in Austin, TX; San Antonio, TX; McAllen, TX; Phoenix, AZ and Denver, CO.