Five to be inducted into Marshall’s Business Hall of Fame
Five successful business leaders, including a former interim Marshall University president, an outgoing dean and three CEOs, will be inducted into MU’s Business Hall of Fame on Tuesday, April 17.
The induction reception and ceremony will take place at the Marshall University Foundation Hall, home of the Erickson Alumni Center, on the Huntington campus. The celebration will begin with a reception at 6:15 p.m. and an awards ceremony at 7 p.m.
This year’s inductees are Michael J. Farrell, managing member with Farrell, White & Legg PLCC and a former interim president of Marshall; Lynne M. Fruth, president and chairman of the board of Fruth Pharmacy; Dr. Chong W. Kim, dean of Marshall’s College of Business and owner of Master Kim’s Tae Kwon Do School; Clarence E. Martin, chief executive officer and chief financial officer of State Electric Supply Company; and Joseph L. Williams Jr., chairman and CEO of BASIC Supply Company Inc., director of First Sentry Bank and director of Energy Services of America.
The Hall of Fame honors those in the business community who have outstanding records of long-standing achievement in their career fields. It is the most distinguished honor granted by the College of Business.
Following this year’s ceremony, the Hall of Fame will have 85 members, dating back to the first inductions in 1994. Here is a brief look at each of the new inductees:
Michael J. Farrell graduated from the Marshall University College of Business in 1969. He has had a distinguished career as a lawyer, higher education leader and businessman. As a student at Marshall, he played the university mascot “Marco” and served as student body president.
Farrell has served as managing member of the firm now known
as Farrell, White & Legg PLLC during its 17-year existence. He
currently is serving his second term with Marshall’s Board of
Governors. In 2005, he served as interim president of Marshall
Lynne Morrow Fruth graduated magna cum laude from West Virginia University with a degree in education and plans for a career in public education and coaching. During the 1980s she found her niche in education – working with the most difficult and challenging children.
Fruth completed her master’s degree in education in 1995 at Marshall. She was elected chairman of the board of the company business, Fruth Pharmacy, in May 2009, and began full-time employment at Fruth that summer. The company maintains a workforce of about 650 employees.
Chong W. Kim, Ph.D., who was born in northern China but grew up in Seoul, came to Marshall in 1977. He served as head of the Management, Marketing and MIS divisions for 24 years, and currently is dean of the College of Business. He will retire this summer.
A Taekwondo 9th degree black belt, Kim opened Master Kim’s
Tae Kwon Do School in Huntington in 1984. He taught Taekwondo in
the Adjutant General Korean Army School before he came to the
U.S. in 1968. Currently, he is serving as the national vice
president for the U.S. Taekwondo Grandmasters Society and
chairman of the selection committee of the society’s Hall of
Clarence E. Martin, a 1967 Marshall graduate, was hired as controller at State Electric in 1972, became chief financial officer in 1977 and was named chief executive officer in 1994. When he began working at State Electric, there were two branches of the company—Huntington and Dunbar—with a total of 41 employees. Today, the business has grown to 42 branches in six states, with more than 700 employees.
Martin is also executive vice president of Service Wire Company, a worldwide manufacturer of wire and cable, and executive vice president of Arthur’s Enterprises, which was formed in 1986 to provide organizational structure for the continued growth of State Electric and Service Wire. The combined entities employ more than 850 people in eight states.
Joseph L. Williams Jr., a former member of Marshall’s Board of Governors, received his bachelor’s degree in finance from Marshall University in 1978. He serves as chairman and chief executive officer of Basic Supply Company Inc., which he founded in 1977, and is on the board of directors of Energy Services of America Corp.
Williams was one of the organizers and is a director of First Sentry Bank in Huntington. He was chairman, president and chief executive officer of Consolidated Bank & Trust Co. in Richmond, Va., from 2007 until it merged with Premier Financial Bancorp Inc. in 2009.
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