Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
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Elliot Board 1025 64a73c1c90d39

Elliott Electric Forms Board of Directors to Assist with Succession Plan

July 6, 2023

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 Bill Elliott. With more than 50 years invested in the company, Bill feels 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. Rust has served as the president of Commercial Bank of Texas since 2013.

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 help desk troubleshooting.

Blevins, Fitzgerald and Petty are regional managers who oversee large portions of the company’s business.