Changing the guard: Herman Russell steps down as company CEO.If R.K. Sehgal, the recently named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and vice chairman of H.J. Russell Co., is able to duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. his earlier successes, then the Atlanta-based construction firm may be in for quite a ride. Company founder Herman J. Russell tapped long-time friend and business associate Sehgal to steer steer castrated male cattle beast over a year of age. See also bullock, buller steer. steer bulling see bulling. steer Medtalk verb the future course of his firm (ranked No. 4 on the BE INDUSTRIAL/SERVICE 100 list with $172.8 million in sales), following his decision to step down after 45-years running the company. The duo also established a board with five high-profile directors, including Vernon Jordan, a special advisor to President Clinton, and Alfred McNeill Jr., former chairman of Turner Construction Turner Construction Company is one of the largest construction management companies in the United States with a construction volume of $8.5 billion in 2006. According to Engineering News-Record . Sehgal, 55, built his reputation as CEO of the Atlanta-based engineering and construction firm Law Companies Group Inc. He opened the firm's Washington office and forged its international expansion. Over a 10-year period, Sehgal helped transform the $50 million business into a $380 million enterprise. He served as president from 1985 until dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. profits in 1994 forced his resignation. Now with H.J. Russell Co., Sehgal's major objectives include forming a national partnership with other companies to offer more construction management services, spearheading a five-fold increase of housing units that the company manages, from 6,000-30,000 and further expanding construction opportunities to generate at least $250 million. Sehgal, a native of India, now has an undisclosed ownership percentage in the company. However, the Russell family Russell family English Whig family. It first became prominent under the Tudors, when John Russell (died 1555) was created earl of Bedford (1549) for helping suppress a rebellion against the Protestant reforms of Edward VI. will maintain majority control. "You will see the company go into orbit now, says Russell, 66, who says he will gladly move away from handling the day-to-day activities and begin working more on development strategies as chairman of the board. "It's what I call semi-retiring. Instead of working 16 hours a day, I want to work nine, and I'm looking forward to it." In addition to taking the company to the next level, Sehgal has been charged with "mentoring" Russell's children to eventually run the company. H. Jerome, Michael and Donata will continue in their positions as president and COO (Cell Of Origin) See mobile positioning. , vice president and vice president of concessions, international, respectively. |
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