TAG: retirement

How much do you know about these popular 401(k) alternatives?

June 4, 2018By

Traditional 401(k)s may not be effective because the IRS’s “top heavy testing” rules may disqualify contributions from management and ownership. There are alternatives to traditional 401(k)s that will allow all employees and owners to contribute, giving the participants tax-deferred compensation, as well as allowing the company a tax deduction without the burdensome income testing that usually hijacks the good intentions... read more

Stihl president will retire this year

June 29, 2015By

Stihl President Fred Whyte will retire at the end of this year. Bjoern Fischer, Stihl’s current vice president of finance, will assume the duties of president beginning in 2016. Whyte has been with Stihl for 44 years, and he has served as president for 23 years. “It has been a great privilege to lead Stihl and to be a part... read more

Preservation Tree owner retires, transfers ownership

January 26, 2015By

Dallas-based Preservation Tree’s executive management team entered into an ownership transition agreement with its retiring owner and founder, Harold Spiegel, to acquire 100 percent of the company. “Preservation Tree has been a major focus of my life for the past two decades,“ Spiegel said. “I am grateful to have had the opportunity to create such a unique company with outstanding... read more

John Deere Landscapes exec Jeff Lanahan retires

May 28, 2014By

After a nearly 20-year tenure, 
Jeff Lanahan is retiring as senior vice president of John Deere Landscapes (JDL). “We would like to express our appreciation to Jeff for his significant contribution to the successful development of our business over a long career with John Deere Landscapes and we wish him well in the future,” CEO Doug Black said. “Our team... read more

April 2014 Web Extra: An excerpt from ‘The ESOP Coach’

April 7, 2014By

Kelly Finnell, president of Executive Financial Services, an employee stock ownership plan (ESOP) consulting firm, has centered his entire career on ESOPs and succession strategies. With more than 25 years of experience, Finnell has implemented the plan in small- to mid-size businesses nationwide, including setting up one for Michael Hatcher, president of Michael Hatcher & Associates, who is featured in... read more

Dow AgroSciences CEO set to retire, successor selected

March 21, 2014By

After more than 30 years with Dow AgroSciences (DAS), a subsidiary of The Dow Chemical Co., President and CEO Antonio Galindez is set to retire from the company, effective May 1. Tim Hassinger, global commercial leader for DAS and global leader of the company’s crop protection global business unit, has been named as Galindez’ successor.

 Since joining Dow in 1983... read more