Fortune Industries founder, chairman dies

Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been in the process of selling the public company to management in a deal valued at $30.5 million.

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Sale of Fortune Industries would take company private

The company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.

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Fortune Industries names new chief executive

Fortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.

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