The future ownership structure of Guardian Industries Corp. could be clarified shortly following the death of the firm“s chairman, CEO and president, William Davidson, on 13 March 2009 after 52 years…
The future ownership structure of Guardian Industries Corp. could be clarified shortly following the death of the firm“s chairman, CEO and president, William Davidson, on 13 March 2009 after 52 years of leadership at the firm. According to a statement on the company website, “His leadership principles and legacy of innovation and excellence are embedded in the company“s leadership team, which will continue to provide management of the company according to a transition plan established by the team more than a decade ago”. Amy Hennes, Guardian“s corporate communications manager, said in the week commencing 16 March 2009 that a plan was in place but declined to give details. William Davidson told Crain“s Detroit Business in an interview two years ago that the plan would maintain an ownership stake for the family, but employees would get a slice as well. He did not elaborate, other than to say the plan does not include an employee stock ownership plan. “We have unique ways of doing things,” he said.