IBJNews

Fortune Industries names new chief executive

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Fortune Industries Inc. announced Monday that Tena Mayberry has been named CEO of the publicly traded professional employer organization.

Mayberry, who also will continue to serve as president, replaces John Fisbeck, who had led the company since June 2005.

“The board thanks John for his service as CEO and the important contributions he has made to Fortune’s success over the last five years,” Chairman Carter Fortune said in a prepared statement. “His commitment to work with Tena will ensure a smooth transition for the company and the employees.”

Fortune did not provide a reason for Fisbeck’s departure, and a spokesman for the company could not immediately be reached for comment.

For the past year, Mayberry has served a dual role as president of both Fortune and subsidiary Century II Inc, a Brentwood, Tenn.-based provider of human resources services.

She became president of Century II in 2007 after serving four years as chief operating officer, two years as senior vice president and four years as vice president.

Before joining Century II, Mayberry held management positions with Cincinnati-based Kroger Co. and Florida-based Norrell Temporary Services, now known as Spherion. She earned a bachelor’s degree in marketing and business management from Tennessee Technological University.

Founded in 2000, Fortune lost $19 million on $158.4 million in revenue during its 2008 fiscal year.

Company directors in April changed its fiscal year end from Aug. 31 to June 30. For the shorter 10-month period, Fortune earned a profit of $13.8 million on $72.9 million in revenue.

Fortune managed a small profit in its first quarter ended Sept. 30 and now has been profitable in each of its last four quarters, the company said in November.

Profit for its first quarter rose to $660,000, or 5 cents per share, from a loss of $4 million, or 34 cents per share, in the same period a year ago.

PEOs handle payroll, payroll taxes, Worker’s Compensation claims, health plans, and other employee benefits for employers. Fortune provides human resource consulting and management, employee assessment, training and benefits administration services to small- and medium-sized businesses in 49 states.

ADVERTISEMENT

  • Who is Fortune?
    I am not familiar with Fortune. What industries do they specialize?

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT