Forty-one categories, plus a Business Hall of Fame, isn’t quite enough to completely suss out who today’s POWER PLAYERS are in Memphis business. So with this Last List, we’ll take a look at a couple more folks who we didn’t have categories for this year, but who are nevertheless immensely important to the local business community. We’ll have categories that suit their contributions in future issues of MBQ. We have also included three companies who have made official their sizeable investments in the Memphis community. These companies haven’t properly begun imposing their presence in the city, but suffice it to say that they look to be key players in the local job market and economy for years to come. We welcome them and look forward to their contributions to Memphis.
City Brewing, LLC, a Wisconsin-based brewery, purchased Hardy Bottling Company on East Raines for $30 million in spring 2011. The former Coors plant will be known as Blues City Brewery and plans to hire up to 500 new employees at an average salary of more than $40,000 a year. The new plant in Memphis offers City Brewing increased capacity for brewing, packaging, and distribution, and expansion into new markets.
On December 15, 2010, Electrolux announced that Memphis would be the location of its new North American Cooking Products manufacturing center. The $190 million facility was approved by the Shelby County Commission and is set to begin production in 2012.Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year.
The Mitsubishi Electric Group is a leader in the manufacture and sales of electric and electronic equipment. On February 14, 2011, it was announced that Mitsubishi Electric Corporation had selected Memphis as the headquarters for the group’s heavy electrical equipment production in North America. The $200 million, 350,000-square-foot facility, located in the Rivergate Industrial Park, will initially produce large power transformers, and will open with 90 employees and reach approximately 275 at full production.
Director of Business and Community Investment, Nike. Memphis has the highest number of Nike employees (1,500) outside of its headquarters in Oregon. Spent 15 years at IBM before taking a job with Nike in 1993. Alumnus of Booker T. Washington High, Mississippi Valley State, and the University of Memphis. Board Member, Big Brothers Big Sisters of Greater Memphis. President, 2010 AutoZone Liberty Bowl. Supports Memphis Athletic Ministries and Ballet Memphis.
Executive Director, Memphis Housing Authority; Director, Memphis Division, Housing and Community Development. B.A. LeMoyne-Owen College; M.B.A., University of Chicago. Former CFO, City of Memphis. Has worked closely on a deal with Bass Pro Shops, redevelopment of the Mid-South Fairgrounds, the future of Overton Square, Beale Street, and the Soulsville USA commercial center.
CEO, ServiceMaster Global Holdings. The privately held company is headquartered in Memphis. Joined ServiceMaster in February 2011. Board Member, ServiceMaster. Has nearly 30 years’ of experience. Responsible for leading development and implementation of the ServiceMaster strategic plan to grow stakeholder value and enhance the customer experience. Heads up a team responsible for national brands, including Terminix, TruGreen, American Home Shield, Merry Maids, ServiceMaster Clean, Amerispec, Furniture Medic, and TruGreen LandCare.